Sector developments and company hires

Natixis Investment Managers affiliate, MV Credit, is set to open a new Paris office under the leadership of Arnaud Heck. The new entity will integrate Ostrum Asset Management’s former private debt team to establish a new team of 16 at MV Credit France. Heck will serve as md and head of MV credit France, and under his leadership the new entity will work to continue the growth and development of innovative solutions for clients at MV credit, aligned with the priorities of the greater Natixis IM affiliate network. MV Credit France will manage and develop the CLO and corporate debt business formerly operated within Ostrum AM, the transfer of which is expected to complete by the end of the first quarter of 2022.

In other news…

North America

Ares has named Shelly Cleary as partner and president of Ivy Hill Asset Management. As head of Ivy Hill, she will lead the firm’s team of investment professionals focused on investing in and managing middle market senior secured loans through structured investment vehicles and managed accounts. Cleary has been with Ivy Hill for 14 years, having previously been md at the firm. Prior to Ivy Hill, she worked at CIT and GE Commercial Finance.

Orchard Global Asset Management has announced the hire of David Burke, who will be joining the firm in the newly established position of global head of distribution and investor relations. With close to 30 years of financial services sales and marketing experience, the firm hopes Burke will enhance existing client relationships and strategic growth. Burke brings his expertise to Orchard from MKP Capital Management, where he served as partner and chief client officer. In the new role, Burke will be responsible for the firm’s sales, consultant relations and investor relations services, and will take a seat on Orchard’s executive committee. He will also take control of managing communications and public affairs, reporting to ceo Paul Horvath.