Corporate credit asset manager Muzinich & Co has appointed John Clifford within its European private debt team based in London.
It is understood Clifford joined the firm last November. He is responsible for origination and deal sourcing, including senior and junior debt, on the UK lower mid-cap market. Tallying ten years’ experience in direct lending to UK smid cap companies, Clifford was previously managing director within Investec’s growth and acquisition finance division and a partner at M&A firm Livingstone Partners.
Grant Davidson, co-head of UK Private Debt at Muzinich & Co, observed that private debt continues to develop as a financing solution in the UK and across continental Europe and that Clifford’s hire brings real added value to the firm.
The private debt strategy of the manager, focusing on the lower mid-cap market (€5-25m Ebitda), is split across six private lending funds in Europe.
Muzinich & Co had $32.6bn (€26.4bn) in assets under management as at 31 December 2017.