Pemberton Asset Management
Private debt manager of the year - highly commended
Insurance Asset Risk Awards 2019 - UK & Europe

Established less than six years ago, Pemberton Asset Manager has quickly risen as a leader in the private debt market and is showing no signs of letting up.

Taking the top spot in the category at last year's awards, they followed up with another impressive entry that came as close to securing a second successive victory.

With its mid-market centred approach to investing, Pemberton focuses on companies with EBITDA between €10m and €75m. The asset manager delivers diversification and extra coupon to clients while preserving credit terms. Counting a number of major European insurers among its clients, and 40% owned by Legal & General since 2014, it is seen as a credible, long-term partner by its clients.

Over the course of 2018, it raised roughly €3.5bn and committed €2bn through a total of 28 transactions across the European market.

Capitalising on its previous year's successes, Pemberton broke new ground with the launch of its Strategic Credit Opportunities Fund to provide senior to mezzanine financing, while the Trade Receivables Fund expanded its provision of working capital to mid and upper mid-market companies.

Providing clients with full credit transparency and a clear understanding of the intricacies of local markets it once again proved a key partner to the insurance sector.

Praising it as young and agile, the judges described Pemberton's performance over 2018 as impressive and identified its well structure credit analytics team as a particular strength.