Investec expands fund finance team with four additions

Investec has beefed up its fund finance team with four new hires. Joining the team’s London office are Nick Rusling, Alan Macdonald, Ian Weise and Oliver Bartholomew.

PRESS RELEASE

London – Investec Specialist Bank (“Investec”) today announced the appointment of four new hires to its Fund Finance team, led by Simon Hamilton, Global Head of Fund Finance. Based in the team’s London office, Nick Rusling, Alan Macdonald, Ian Weise and Oliver Bartholomew will play a key role in the development of the fund finance team as an innovative and agile financing provider.

Since its inception in 2007, Investec Fund Finance has grown to become a 19-person strong team that now operates globally, providing innovative financing solutions to private equity funds and fund management teams. In the past year, Investec Fund Finance completed over 100 transactions and were a part of the team which won two prestigious industry awards.

The appointments include Nick Rusling, who joins from Barclays’ Debt Finance team. In his previous role as Director, Nick created a number of innovative financing structures provided by Barclays and handled the management of the sales process of a book of debt to Ares in December 2015. His extensive experience in developing purpose-driven structures will be invaluable as the Investec Fund Finance team explores new ways in which it can service its clients.

Alan Macdonald joins Investec Fund Finance’s Legal Risk team from Debevoise Plimpton LLP, where he worked in its corporate finance team. Alan has over seven years’ post-qualification experience across financial law with particular expertise in leveraged and investment grade financing. His previous fund finance experience at Debevoise adds further depth to the legal risk team, which ensures that Investec can remain agile when delivering facilities.

Investec Fund Finance has also brought in Ian Wiese from Investec’s Johannesburg office, where he was a part of the Specialised Finance team for the last four years. Ian originally trained as a lawyer at the University of Stellenbosch and worked for the largest law firm in Africa, ENS, and KFML Holdings. Oliver Bartholomew also joins from Investec’s Security & Covenant Management team, with two years’ experience as a Financial Covenant Analyst.

Simon Hamilton, Global Head of Investec Fund Finance, commented: “The industry has grown exponentially and it is incumbent on us to find ways to deliver new, innovative and purpose-driven financing products to our client. It is essential that funds have reliable, trusted debt providers with an in-depth understanding of funds, their history, strategy and operations. It is becoming clearer that the type of financing that the Fund Finance team provides is becoming a necessity to private equity firms around the world. The growth of our team is further proof of that. Investec Fund Finance has gone from strength to strength in Europe and are continuing build our presence around the world, particularly in Australia, South Africa and the USA.

“We are delighted to welcome Nick, Alan, Ian and Oliver to the team who all bring significant expertise from inside and out of Investec and will no doubt be an excellent fit with our collaborative culture.”

About Investec Fund Finance
Investec Fund Finance is a specialist finance provider focused on lending to funds and fund management teams.

We aim to build lifelong relationships with our clients. We offer flexible finance solutions at each stage of the fund cycle, which can enhance returns maximise the efficiency of the fund’s equity and increase competitiveness in an aggressive market environment.
Innovation is at the heart of our thinking and our global team has the vision and the resources to create unique financing structures for unique financing requirements.

Our flexible solutions for funds and fund management teams include:

Capital call facilities – facilities to bridge investor call-downs

GP financing – facilities enabling fund managers to fund their GP commitments or working capital requirements

Secondary leverage – leverage against LP interests in funds including portfolio acquisitions and recapitalisations

Portfolio lending – facilities secured against the value of the assets in the fund

Investor financing – providing liquidity to institutional investors and family offices