Alcentra expands direct lending in U.S. via Shaikh and Glaser hires

By Susanna Moon

Chicago, June 26 – Alcentra Ltd. and Alcentra NY, LLC, an alternative fixed-income specialist for BNY Mellon Investment Management, hired Suhail A. Shaikh and Peter M. Glaser as managing directors and co-heads of U.S. direct lending in New York.

Shaikh and Glaser will report to Vijay Rajguru, global co-chief investment officer, according to an announcement.

Shaikh joins the firm from Solar Capital Partners, LLC where he was a senior investment professional. He was responsible for the origination, structuring and investment of middle market principal credits.

Before that, Shaikh was in investment banking for more than 15 years as a leveraged finance specialist and financial sponsor banker, most recently as a managing director at BofA Merrill Lynch. He previously worked at JPMorgan, CIBC and Bankers Trust. Shaikh has an MBA from the Wharton School of Business and an AB from Middlebury College.

Glaser previously worked at KKR where he was head of KKR sponsor finance, providing clients with capital structure solutions through the firm's private credit and capital markets platforms.

He was previously a managing director at Barclays and held roles on the U.S. leveraged finance team as its co-head of origination and execution and co-head of the financial sponsors group. For more than 25 years in finance, he has also held various roles in M&A and corporate finance at Goldman Sachs, Bank of America, Dillon Read and James D. Wolfensohn Inc. He received his MBA from Harvard Business School and a BA from the University of Pennsylvania.

Shaikh and Glaser were also appointed co-presidents of Alcentra Capital Corp. The U.S. direct lending team also will advise Alcentra Capital “in an effort to create value for its stockholders and enhance Alcentra’s U.S. liquid credit loan, high yield and multi-strategy capabilities,” the release said.

“Given our sustained position as one of the leading credit managers in Europe, we are committed to growing our direct lending offer for our clients in the U.S. market,” David Forbes-Nixon, chairman and chief executive officer for Alcentra, said in the release.

“We are delighted to welcome Suhail and Peter to the Alcentra team, as their deep experience in sponsor finance and private credit will further enhance our direct lending capabilities in the U.S. and improve our service to clients."

Alcentra is a London-based global asset management firm.

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