Adams Street Partners has launched a private credit platform in Europe with the hire of James Charalambides from Sixth Street Partners in London.
Reporting to Bill Sacher, partner and head of private credit at Adams Street, Charalambides will be responsible for leading and managing the firm’s private credit-related efforts in Europe and supporting all aspects of the decision-making process — including sourcing, structuring, reviewing and negotiating deal opportunities.
“The strength of Adams Street’s Private Credit offering lies in the firm’s wide network of long-standing sponsor relationships, which provide access to high-quality deal flow and due diligence insights,” said Sacher in a statement. “Europe is fertile ground for sponsor-backed private credit deals. We anticipate James will leverage Adams Street’s comprehensive credit offerings to expand our differentiated and proprietary deal sourcing capabilities.”
Previously, Charalambides was a managing director in the specialty lending team at Sixth Street Partners, where he worked for over six years. He handled origination, execution, portfolio monitoring and managing deal teams. Prior to Sixth Street he was at Candlewick Asset Management, a joint venture between Sixth Street and Goldman Sachs.
“Robust demand for Private Credit strategies demonstrates the growing appetite among market participants for investments that target high yields whilst also prioritizing stable returns,” Charalambides added in a statement. “Adams Street’s Private Credit team has achieved rapid success in harnessing this balance thanks to proprietary sourcing and a granular approach to due diligence. I look forward to building upon this effort in Europe.”
Adams Street’s private credit foray began in 2016 and spans debt offerings mainly to private equity backed middle-market borrowers. The business segment has grown to $7.6 billion in assets.
In April, Adams Street closed its second private credit program, which was oversubscribed with more than $3 billion of committed capital.