Alcentra Ltd. hired Michael Johnson, Cantor Fitzgerald & Co.’s head of European leveraged capital markets, to run its U.K. direct lending business, according to a person with knowledge of the move.
Johnson will report to Graeme Delaney-Smith, head of European direct lending and mezzanine investments for the London-based money manager, said the person, who asked not to be named because the matter is not yet public. Johnson began working for Alcentra on March 1, the person said.
Alcentra, owned by Bank of New York Mellon Corp., is raising a 500 million-euro ($651.6 million) European direct lending fund, two people said last month. That fund is separate from a 200 million-pound ($320 million) pool Alcentra raised in November to lend to U.K. companies, the people said.
Lending to to mid-sized companies can be “particularly compelling” to institutional investors, Delaney-Smith said in a Feb. 19 statement. A pullback by European banks has created an opportunity for new lenders, Alcentra said.
Mike Dunn, a New York-based spokesman for BNY Mellon, didn’t immediately comment on the appointment. Officials in Cantor’s New York press office didn’t reply to an e-mail and telephone call concerning Johnson’s departure.
To contact the editor responsible for this story: Faris Khan at firstname.lastname@example.org