Alcentra Adds To Senior Leadership In North America

Rhea-AI Summary

On October 20, 2020, Alcentra appointed Chris Mulshine as Head of U.S. Distribution, enhancing its leadership team amid a competitive market. He brings 25 years of experience in private credit and alternative asset management, having previously held senior roles at Lazard, Credit Suisse, UBS, and Goldman Sachs. His focus will be on developing sales and marketing strategies to expand Alcentra's U.S. investor base. Alcentra manages over US$42.1 billion in assets, offering diverse credit solutions since its inception in 2002.

Positive

• Appointment of Chris Mulshine is expected to boost U.S. distribution efforts.
• Mulshine's extensive experience enhances Alcentra's leadership capabilities.
• Alcentra manages over $42.1 billion in assets, indicating strong market presence.

Negative

• None.

NEW YORK, Oct. 20, 2020 /PRNewswire/ -- Alcentra, one of the world's leading managers of private debt with over US$42.1 billion¹ of assets under management and part of BNY Mellon Investment Management, announced today the appointment of Chris Mulshine as Head of U.S. Distribution and a member of the Executive Management Committee. Chris will be based in New York and report to Dan Fabian, President and Chief Operating Officer.

In this role, Chris will be responsible for defining the company's long-term sales and marketing strategies in North America, as well as leading the institutional business activities across all client segments in the U.S. Chris has extensive experience working in the private credit and alternative asset management space, with a focus on L.P. solutions and allocation. Prior to joining Alcentra, he served as Global Head of Private Credit with the Lazard Private Capital Advisory team and held other significant fund raising roles at Credit Suisse, UBS and Goldman Sachs.

Jonathan DeSimone, CEO designate of Alcentra, said:

"The U.S. is the largest credit market in the world and we are delighted Chris is joining the North America team. Chris brings formidable private credit and alternatives experience to the role to help in these efforts. We believe his deep knowledge of our business and industry experience will be a valuable asset in underscoring our commitment to expand our U.S. investor base."

Mulshine commented on his appointment:

"I am thrilled to join Alcentra during this extraordinary point in time, where investors are looking for new options to drive alpha in today's low interest rate environment. I am excited to apply my 25 years of industry experience to support Alcentra in further elevating its brand as a best in class credit investment solution with an expanding institutional and retail client base."

Alcentra has an investment track record that dates back to 2002. The firm offers a broad spectrum of global credit expertise, including senior loans, high yield bonds, direct lending, structured credit, distressed debt, and multi-strategy credit.

Note to editors:

About Alcentra

Founded in 2002, Alcentra is one of Europe's largest and longest tenured managers of private debt with over US$42.1 billion of assets under management, as of August 31, 2020 (including accounts managed by Alcentra NY, LLC, Alcentra Limited, and assets managed by Alcentra personnel for affiliates under dual officer arrangements). Strategies include senior loans, high yield bonds, direct lending, structured credit, distressed debt, and multi-strategy credit. Alcentra is a subsidiary of The Bank of New York Mellon Corporation and is headquartered in London, with offices in New York, Boston and San Francisco as well as representatives in Singapore and Hong Kong.

The Bank of New York Mellon Corporation holds the majority of The Alcentra Group, which is comprised of the following affiliated companies: Alcentra Ltd. and Alcentra NY, LLC. are registered with the U.S. Securities & Exchange Commission under the Investment Advisers Act of 1940. Alcentra Ltd is authorized and regulated by the Financial Conduct Authority – Registration number 196845 - and regulated by the Securities Exchange Commission – Registration number 801-74223. Registered office for Alcentra Ltd is 160 Queen Victoria Street, London, EC4V 4LA, UK. Alcentra NY, LLC is regulated by the Securities Exchange Commission – Registration number 801-62417. Registered office for Alcentra NY, LLC is 200 Park Avenue, New York, NY 10166, USA. Assets under management reflect assets of all accounts and portions of client accounts managed by Alcentra and its affiliates.

About BNY Mellon Investment Management

BNY Mellon Investment Management is one of the world's largest investment firms, with $2.0 trillion in assets under management as of September 30, 2020. Through an investor-first approach, BNY Mellon Investment Management brings to clients the best of both worlds: specialist expertise from eight world-class investment firms offering solutions across every major asset class, backed by the strength, stability, and global presence of BNY Mellon, one of the world's most trusted investment partners. Additional information on BNY Mellon Investment Management is available on www.im.bnymellon.com.

BNY Mellon Investment Management is a division of BNY Mellon, which has $38.6 trillion in assets under custody and/or administration as of September 30, 2020. BNY Mellon can act as a single point of contact for clients looking to create, trade, hold, manage, service, distribute or restructure investments. BNY Mellon is the corporate brand of the Bank of New York Mellon Corporation (NYSE: BK). Additional information is available on www.bnymellon.com. Follow us on Twitter @BNYMellon or visit our newsroom at www.bnymellon.com/newsroom for the latest company news.

Media Contacts:
Ben Tanner
Tel: +1 212 635 8676
Email: ben.tanner@bnymellon.com                          

All information sourced by BNY Mellon as of 31 August 2020. This press release is qualified for issuance in the UK and Europe and is for information purposes only. It does not constitute an offer or solicitation of securities or investment services or an endorsement thereof in any jurisdiction or in any circumstance in which such offer or solicitation is unlawful or not authorized. This press release is issued by BNY Mellon Investment Management EMEA Limited to members of the financial press and media and the information contained herein should not be construed as investment advice. The value of investments can fall. Investors may not get back the amount invested. Income from investments may vary and is not guaranteed. Investment Managers are appointed by BNY Mellon Investment Management EMEA Limited (BNYMIM EMEA) or affiliated fund operating companies to undertake portfolio management activities in relation to contracts for products and services entered into by clients with BNYMIM EMEA or the BNY Mellon funds. Registered office of BNY Mellon Investment Management EMEA Limited: BNY Mellon Centre, 160 Queen Victoria Street, London, EC4V 4LA. Registered in England no. 1118580. Authorized and regulated by the Financial Conduct Authority. A BNY Mellon Company.

¹ Source: US$42.1 billion, Alcentra as of August 31, 2020. The term "and/or "Alcentra Group" refers to both Alcentra NY, LLC and Alcentra Limited. Assets under management reflect assets of all accounts and portions of accounts managed by Alcentra for Alcentra and its affiliates. Specifically, certain assets under management reflect assets managed by Alcentra personnel as employees of The Bank of New York Mellon Corporation, Mellon Investments Corporation ("Mellon"), and BNY Mellon Investment Adviser, Inc. under a dual employee arrangement.

 

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SOURCE Alcentra

FAQ

What impact will Chris Mulshine's appointment have on BK's U.S. operations?

Chris Mulshine's appointment is expected to strengthen BK's U.S. distribution strategy, potentially increasing its investor base.

How much assets does Alcentra manage as of October 2020?

As of October 2020, Alcentra manages over US$42.1 billion in assets.

What is Chris Mulshine's experience prior to joining Alcentra?

Before joining Alcentra, Chris Mulshine served as Global Head of Private Credit at Lazard and held senior roles at Credit Suisse, UBS, and Goldman Sachs.

Why is the U.S. market important for Alcentra?

The U.S. is the largest credit market globally, making it crucial for Alcentra's growth and strategy.

When was Alcentra founded?

Alcentra was founded in 2002 and has a long track record in credit management.