Veteran Debt Banker Eyes $50 Billion to Plug Lending Hole (1)

Pemberton Asset Management is fast-tracking plans to triple the size of its private debt funds and plug a European lending gap being created by increasingly skittish banks.

The $17 billion investment firm is in the process of raising capital for five credit strategies, which include lending on mid-market buyouts, Founder and Managing Partner Symon Drake-Brockman said in an interview.

“We are aiming to become a $50 billion manager in the European marketplace over the next five years,” Drake-Brockman said. “There is an opportunity for managers in Europe like ourselves to grow into very substantial platforms, just like the Americans did ...