Fidelity enters private credit market with team hire from MeDirect Bank

€400m European CLO management awarded

Fidelity International has marked its entry into the private credit market with a team hire from MeDirect Bank.

It has been awarded the delegation of management for the €400m European collateralised loan obligation fund (CLO), Grand Harbour CLO 2019-1. The team will be led by Michael Curtis, who has more than 20 years' experience in European private credit markets having worked for ICG, 3i and Alpstar Capital. He is joined by credit portfolio manager, Camille McLeod-Salmon, and CLO structurer, Cyrille Javaux. McLeod-Salmon has 14 years' experience investing in credit, having worked for BNP IM and Fortis prior to MeDirect. Javaux brings 17 years' experience in CLO structuring, investing an...