Pictet AM continues to strengthen its fixed income offering, with the addition of four private debt specialists. It plans to launch a new fund, focused on direct loans to companies in the lower-middle-sized segment, by early 2023.
Andreas Klein, who joined Pictet AM early in 2022, will lead the new private debt team from London. Previously, he was CEO at ICG, where he worked eight years, having contributed to the establishment and development of a direct lending investment strategy.
“Pictet reputation and know-how are an ideal basis from which to develop a differentiated strategy. focused on private debt, which offers, both investors and borrowing companies, a high added value proposition, unique in its class, especially taking into account the macroeconomic and geopolitical volatility, as well as other current obstacles. The quality and expertise of this team members are crucial for creating our own strategy, through rigorous asset selection.”
Andreas Klein, head of private debt at Pictet AM.
In addition, two regional managers, Axel Cordonnier and Jan Reichenbach, as well as a senior investment manager, Christian Eckert, have joined the team this November.
Axel Cordonnier, head of private debt for France, will work from Paris. Previously, he worked more than ten years in management of the private debt team at Ares Management. Jan Reichenbach will be responsible for ASA (Germany, Switzerland and Austria). Previously, he was managing director responsible for Netherlands and ASA at Muzinich, leading the creation and development of an investment platform for direct loans to mid-cap companies, focused on Netherlands and European and German speaking Europe. He will work from Frankfurt, alongside with Christian Eckert, senior investment manager, who will be responsible for information sources and execution in ASA. He previously worked in the leveraged finance team at NIBC Bank in Frankfurt.
This team will be supported by Pictet AM’s global infrastructure and investment resources.
We are very excited about this new facet of Pictet AM offering, which makes available for our clients the full range of fixed income investment, both in listed and unlisted markets. It comes as we see a renaissance in fixed income investing. The professionalism of our new private debt team is an extraordinary asset for clients wishing to take advantage of the attractive risk-return profile of this asset class.”
Raymond Sagayam, Chief Investment Officer Fixed Income at Pictet AM.
