Company hires and sector developments

CLO firm boosts originations team

Monroe Capital has expanded its direct originations team with the addition of seven experienced investment professionals: David Fischer and Nick McDearis in the firm’s Atlanta office; Dan Letizia and Tommy Ryan in its Chicago office; and Jack Bernstein in the New York office. In particular, Fischer and McDearis have been named mds and will co-lead the firm’s relationship sourcing and the origination of new business opportunities within the Southeast region. They have a combined average of over 12 years of experience in commercial lending and structured finance, and previously worked at AloStar Capital Finance.

CRE CDO transfer

Dock Street Capital Management has been appointed successor collateral manager to Sorin Real Estate CDO III. The CRE CDO was previously being managed by Torchlight Investors subsidiary Collateral Management, which assumed the responsibility from RE CDO Management in February 2013. RE CDO Management, in turn, assumed the collateral management role from Sorin Capital Management in May 2011 (see SCI’s CDO manager transfer database).

Green K-deal prepped

Freddie Mac is expanding its K-deals CMBS programme with securities designed to meet the needs of investors seeking green bonds. The new KG-deals will exclusively securitise workforce housing loans made through the GSE’s Green Advantage platform, which requires borrowers to make energy and water efficiency improvements to their properties. Freddie Mac has purchased more than US$44.7bn in green loans since the inception of the platform in 2016.

ILS

Citi has hired Philippe Kremer as director, structured solutions global markets. He joins from Swiss Re where he was director, deputy head of ILS structuring, Americas.

Singapore law branch bulks up SF expertise

The Singapore office of Eversheds Sutherland today announced the appointment of Gerard Ng as a partner in the banking and financial services practice group.

With over 20 years of experience, Gerard is a specialist in lending, structured finance, acquisition finance and structured products. Prior to joining Eversheds Harry Elias, Ng was a partner at an international law firm.