Alternative credit specialist Pemberton has expanded its presence in Germany with the opening of a new office in Munich.
The company has appointed Adrian Grammerstorf, who joins firm from Allianz Global Investors, to lead its Much operation.
The office opening comes at a time of increased investment opportunities in the German private debt market, with direct lending having increased substantially in Germany in recent years1. In the last five years, Pemberton has completed 34 deals in Germany, totalling c€2.1 billion, cementing the company as one of the leading alternative lenders in the country.
Grammerstorf brings over 18 years of experience in European private credit, leveraged finance and transaction services. Prior to joining Pemberton, he spent more than three years as Director in Allianz Global Investors, where he was responsible for deal origination and structuring of credit financing for private equity-driven acquisitions in Germany and across Europe.
