01 March 2016

Pemberton awarded global newcomer of the year.

Pemberton Asset Management, the independent asset management group backed by Legal & General Capital, is delighted to announce that it has won Private Debt Investor magazine's prestigious Global Newcomer of the Year award.

The PDI awards, in their third year of existence, recognise the best and brightest industry participants helping to shape private debt markets. The judging process is a mixture of editorial shortlisting and industry voting for the final winners.

This is the only global award recognised by PDI, and Pemberton was shortlisted for the Newcomer of the Year award alongside AllianceBernstein Private Credit Investors (AB-PCI) and Neuberger Berman Private Debt.

The award win follows a positive twelve months for Pemberton, which saw a number of successful milestones, including a first close for the mid-market loan fund in July 2015, strong deployment of capital and significant expansion to the team.

Paul Stanworth, Managing Director of Legal & General Capital, commented: "This prestigious industry award is a strong endorsement of the growth of Pemberton's platform over the last year and its successful European mid-market debt strategy. Raising significant capital from major blue-chip investors, as one of the leading provider of alternative finance across Europe it continues to back a diverse range of attractive mid-market corporates. Leveraging this track record and the depth of experience of the team, we expect its strong growth trajectory to continue."

Symon Drake-Brockman, founder and Managing Partner of Pemberton, said: "We are very excited and pleased to be recognised by both PDI and our industry peers in these preeminent private debt awards. This has been a significant year of growth for Pemberton, and the scale we have generated across Europe has allowed us to be seen not just as a newer participant, but as one of the largest private debt providers in the region. As we continue to respond to demand for non-bank financing across Europe, Pemberton will only continue to grow."