Albacore Capital Group has launched an infrastructure debt technique and has employed a four-member funding group from UBS to guide the brand new providing.

The European credit score specialist stated that infrastructure debt is “a pure extension of AlbaCore’s credit score experience”, noting rising convergence in sponsor exercise throughout the European company and infrastructure panorama.

The agency additionally highlighted ongoing demand for European infrastructure, which is taking part in a component within the transfer in the direction of power and digital transformation.

Learn extra: AlbaCore: Unfold motion in structured credit score triggers “pendulum impact”

Main the group is Viktor Kozel who joins AlbaCore as a managing director. He has over 18 years of expertise within the trade, most lately as head of infrastructure debt at UBS Asset Administration.

He will report back to Matthew Courey, accomplice, president and chief working officer at AlbaCore.

The opposite members of the infrastructure debt group, all of whom have been beforehand at UBS, are Ciara Halleman, Thibault Pontaut and Margherita Mascia.

Halleman and Pontaut be a part of as administrators and have over 25 years of collective expertise in infrastructure debt throughout advisory and finance.

Learn extra: AlbaCore direct lending boss heralds versatile origination strategy

Mascia joins as an affiliate having labored as an analyst in UBS’s infrastructure debt group for the final three years.

All three group members will report back to Kozel.

“AlbaCore’s enlargement into infrastructure debt positions us to seize new alternatives and meet our shoppers with even higher flexibility,” stated Courey. “We’re excited to have Viktor and the group be a part of AlbaCore. They’re a powerful group, properly revered within the trade, and have a stable observe document. We look ahead to the group leveraging their experience and relationships to develop this new shopper providing.”

Kozel added: “The group and I are delighted to be becoming a member of AlbaCore to capitalise on the expansion alternative for infrastructure debt in Europe by creating a devoted functionality to satisfy shopper demand and ship engaging risk-adjusted returns.

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“The synergies with AlbaCore’s present platform throughout personal and liquid credit score make it a horny providing for sponsors and traders.”

AlbaCore manages $11bn (£8bn) in property underneath administration throughout personal capital options, direct lending, opportunistic and dislocated credit score, collateralised mortgage obligations and structured merchandise.