London, 30 August 2017
Macquarie Specialised Investment Solutions (MSIS) has appointed Steve Berry as Division Director of its Fund Finance business.
The Fund Finance business specialises in providing bilateral and syndicated lending transactions to investors in, and sponsors of, top-tier private equity and hedge funds.
Based in London, Steve will be responsible for expanding existing credit fund financing capabilities and driving the expansion of Macquarie’s Fund Finance coverage in Europe, focusing on opportunities across private equity and private debt funds. Steve will report to Pratap Dasgupta and Mike Vitelli, co-heads of the business, both of whom are based in New York.
Steve brings more than two decades of industry experience to Macquarie, having spent nearly twenty years in structured finance. He joins from Investec where he was Head of Credit Portfolio Leverage, leading the first dealer financing programme for collaterised loan obligation (CLO) risk retention, financing sponsor and originator-style transactions.
Mike Vitelli, Senior Managing Director, Fund Finance, commented: “We are seeing increasing demand from institutional investors – and particularly, private equity and private debt funds – for our tailored fund finance solutions. Steve’s appointment will provide a strong foundation to deliver tailored products to the European fund finance market.”