Pemberton, a European private credit manager with nearly $16 billion of assets under management, has announced the opening of an office in Dubai.
The office will be led by Anis Ghamgui who joined Pemberton from BlackRock as managing director and head of Middle East and Africa.
Pemberton said the opening demonstrates its commitment to building deep long-term relationships with institutional investors in the region, and is strategically important to the growth of the Pemberton platform.
Pemberton said it strongly believes in the importance of having a local presence in order to understand investors’ needs and better develop tailored solutions for its clients.
Prior to joining Pemberton, Ghamgui spent two years as head of the institutional client business for the Middle East and North Africa at BlackRock where he was responsible for all aspects of business management and strategic leadership in the region.
Pemberton said in a statement that it plans to increase its presence in the Middle East over the next few years by bringing onboard local talent with a reputation for building lasting partnerships based on first-class client servicing.
Symon Drake-Brockman, managing partner of Pemberton, said: “As a business we have always believed in the importance of local relationships, so opening an office in Dubai felt like a logical next step.
“The region is home to many of the world’s leading investors and if we want to truly understand their needs, we should be closer to them. Anis is one of the most experienced local client-focused professionals and is the right person to lead our development in the region.”
Ghamgui added: “The Middle Eastern and African markets are increasing their exposure to private debt strategies, often reallocating from fixed income or alternatives.
“Private Debt is emerging as a core part in the strategic asset allocation for major institutional investors, both for the yield opportunities it provides and for the returns on a risk-adjusted basis, compared to other asset classes. The region is looking to build strong partnerships with key game-changers in the industry.”
Since inception in 2013, Pemberton has grown its assets under management to almost $16 billion.
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