Pemberton mulls Nordic presence
Pemberton, the independent asset manager that currently serves clients out of seven locations across Europe, is reportedly seeking to establish a Nordic presence.
Responding to the suggestion, a spokesperson for Pemberton said there was no official comment.
However, it was reported in Danish media earlier in the week, that the manager was seeking a firmer presence in the region.
The manager focuses on private debt and direct lending to European non-investment grade mid sized companies, linking those companies to funding from institutional investors. In August 2014, Legal & General Group became a 40% equity investor in Pemberton.
That creates a link to one of Europe’s biggest insurance groups, which also owns a significant asset manager of its own: Legal & General Investment Management. LGIM has also been pushing out its European presence, for example, through particular appointments to lead business development in key fund markets, but also boosting its ability to offer other vehicle types, such as ETFs (see below).
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