London, United Kingdom:
Adams Street Partners, LLC, a personal markets funding agency with $50 billion in belongings beneath administration, introduced the launch of its Private Credit platform in Europe with the appointment of James Charalambides as Partner & Head of the European Private Credit crew. Mr. Charalambides shall be accountable for main and managing the agency’s non-public credit-related efforts in Europe and supporting all features of the decision-making course of – together with sourcing, structuring, reviewing, and negotiating deal alternatives on this area. Mr. Charalambides will report back to Bill Sacher, Partner & Head of Private Credit at Adams Street.
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Adams Street Partners has introduced the launch of its Private Credit platform in Europe with the appointment of James Charalambides as Partner & Head of the European Private Credit crew. (Photo: Business Wire)
Since launching its inaugural non-public credit score platform in 2016, Adams Street’s Private Credit belongings have grown to over $7.6 billion. The agency supplies a full suite of debt options, primarily to personal equity-backed middle-market debtors.
“The strength of Adams Street’s Private Credit offering lies in the firm’s wide network of long-standing sponsor relationships, which provide access to high-quality deal flow and due diligence insights,” stated Bill Sacher, Partner & Head of Private Credit. “Europe is fertile ground for sponsor-backed private credit deals. We anticipate James will leverage Adams Street’s comprehensive credit offerings to expand our differentiated and proprietary deal sourcing capabilities.”
Most lately, Adams Street introduced the profitable shut of its second Private Credit program (PC II), which was oversubscribed with greater than $3 billion of dedicated capital, together with leverage. In addition to robust illustration from current buyers, PC II noticed excessive demand from pension plans, insurance firms, and household workplaces.
“Robust demand for Private Credit strategies demonstrates the growing appetite among market participants for investments that target high yields whilst also prioritizing stable returns,” stated Mr. Charalambides. “Adams Street’s Private Credit team has achieved rapid success in harnessing this balance thanks to proprietary sourcing and a granular approach to due diligence. I look forward to building upon this effort in Europe.”
Before becoming a member of Adams Street, Mr. Charalambides was a Managing Director within the Specialty Lending Team at Sixth Street Partners, the place he was accountable for origination, execution, portfolio monitoring, and managing deal groups. He additionally labored at Candlewick Asset Management, a three way partnership between Sixth Street and Goldman Sachs, inside Houlihan Lokey’s Corporate Finance Group, and beforehand served in a Business Development and Strategy function at Walgreens Boots Alliance.
About Adams Street Partners
Adams Street Partners is a worldwide non-public markets funding supervisor with investments in additional than thirty nations throughout 5 continents. The agency is 100% employee-owned and has $50 billion in belongings beneath administration. Adams Street strives to generate actionable funding insights throughout market cycles by drawing on 50 years of personal markets expertise, proprietary intelligence, and trusted relationships. Adams Street has workplaces in Austin, Beijing, Boston, Chicago, London, Menlo Park, Munich, New York, Seoul, Singapore, and Tokyo. Visit www.adamsstreetpartners.com.