UK-based Investec Fund Finance, part of Investec Specialist Bank, has appointed Steve Berry to its team. In his new role, Berry will focus on lending to credit and hedge funds and enhancing the team’s strategy in this area. He will report to Simon Hamilton, global head of Investec Fund Finance.
Investec Fund Finance, part of Investec Specialist Bank, today announces the appointment of Steve Berry to its team. In his new role, Steve will focus on lending to credit and hedge funds and enhancing the team’s strategy in this area. He will report to Simon Hamilton, Global Head of Investec Fund Finance.
Steve joins Investec from Banca IMI, where he was a Director of UK Structured Solutions in the Fixed Income Sales team. In this role, Steve was responsible for the provision of senior structured facilities to UK asset managers, funding of investment-grade bonds and the sale of asset-backed securities to UK institutional fixed-income investors.
Prior to Banca IMI, Steve worked for Lloyds TSB Financial Markets as a Director in its Credit Distribution team selling credit products to institutional investors across the UK, Ireland and Middle East. Earlier in his career, Steve worked in a variety of finance investment and structuring roles at institutions including HVB, Deutsche Bank and Bank of America.
Steve’s appointment adds additional strength and depth to the Fund Finance team and follows the addition of Mikael Busch to the team, in September 2013, who is focussing on developing lending solutions to the secondary private equity market.
Simon Hamilton, Investec Fund Finance, says: “In our Fund Finance business we have seen a growing need for more innovative lending from credit managers. Steve has extensive experience in structuring finance solutions to this market and we are delighted that he is joining the team, where he will enhance our existing offering for credit and hedge funds.”
Steve Berry says: “I am very pleased to be joining Investec and a team that has developed an excellent reputation in the private equity market. I look forward to helping to develop their presence in the credit market.”
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For further information please contact:
Investec Fund Finance
Simon Hamilton 020 7597 5187
Jason Nisse/Andrew Jones 020 7680 6550
NOTES TO EDITORS:
Investec Fund Finance
Investec Fund Finance is a specialist finance provider focussed on lending to leading funds and fund management teams to facilitate value creation opportunities through:.
• Portfolio lending – facilities secured against the value of the assets in the fund
• Optimising equity – leverage to enhance the returns and maximise the use of a fund’s available equity
• Fund administration – facilities to bridge investor call-downs or smooth distributions to investors
• GP financing – facilities enabling fund managers to fund their GP commitments or working capital requirements
• Secondary leverage – facilities bridging acquisitions for secondary fund investments
Investec Specialist Bank
Investec is a specialist bank that provides a diverse range of financial products and services to a niche client base in three principal markets: the United Kingdom, South Africa and Australia, as well as certain other countries.
This press release is issued on behalf of Investec Bank plc. Registered address: 2 Gresham Street, London, EC2V 7QP. (Reg No. 489604). Investec Specialist Bank is a brand name of Investec Bank plc, which is a member of the London Stock Exchange.