Sector developments and company hires

Pemberton, the alternative credit specialist, has announced the appointment of Rob Reynolds as head of its new CLO platform. The new CLO platform, which is subject to FCA UK regulatory approval, compliments existing lines of strategic focus. Reynolds will lead its expansion into the European CLO market, using his European CLO and leveraged loan markets expertise to build the new business into an innovative platform. Reynolds joins Pemberton from Spire Partners, where he most recently served as partner, and is the latest of several appointments at Pemberton as it expands its global offering.

In other news..

North America

Churchill Asset Management has hired Wells Fargo veteran, Bennett Love, to lead the development of the firm’s leverage strategy. Taking on the role of principal and head of fund finance, Love will also maintain responsibility for sourcing, execution, and monitoring of financing across the platform. Love will be based in Churchill’s North Carolina office in Charlotte, and will focus on public and private debt solutions, including CLOs, as well as all other forms of bilateral and syndicated lending facilities. He joins the firm having spent 12 years at Wells Fargo, most recently serving as director of corporate debt finance, and will report to the asset management firm’s cfo, Shai Vichness.

Hildene Capital has entered into a strategic relationship with Jefferies Financial Group division, Leucadia Asset Management. The transaction involves Leucadia acquiring a non-controlling financial stake in Hildene, which the firm hopes will enable new Hildene vehicles and businesses going forward. The team at Hildene, along with its investment strategy and day-to-day operations, will remain unchanged as the firm works to further its growth with the support of new relationship with Leucadia.