Pemberton, an alternative credit specialist, has appointed Olivier Renault as Portfolio Manager and Head of Risk Sharing Strategy.
Renault brings over 20 years of experience in structured credit, securitisation and bank capital finance. At Pemberton, he will be responsible for leading its new Risk Sharing Strategy, which sees Pemberton broaden its offering into yet another attractive area of alternative credit.
Pemberton’s new strategy will invest in junior tranches of loan portfolios originated and serviced by banks. Banks execute these transactions to free up lending capacity and regulatory capital. The asset class has grown significantly in the past few years and Pemberton estimates that around 50-60 transactions per year are executed by banks, each referencing potentially hundreds or even thousands of loans.
