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Direct lender Pemberton eyes USD 50bn to plug Europe lending hole

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.
“We are aiming to become a USD 50bn manager in the European marketplace over the next five years,” said Pemberton Asset Management's Founder and Managing Partner Symon Drake-Brockman. | Photo: LEE JAE WON/REUTERS / X01385
“We are aiming to become a USD 50bn manager in the European marketplace over the next five years,” said Pemberton Asset Management's Founder and Managing Partner Symon Drake-Brockman. | Photo: LEE JAE WON/REUTERS / X01385
By Dinesh Nair / BLOOMBERG

The USD 17bn investment firm Pemberton Asset Management 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.

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