Arcmont Asset Management has promoted 23 team members from across four departments, including four who will step up to partner and associate partner positions.
Baptiste Vilain has been made partner at the European private credit manager, while Jorg Sallaerts, Chris Parsons-Giles and Jon Watson have been named associate partners.
Read more: Arcmont makes new hires to enhance credit strategies
Vilain previously held the position of vice president in BlueBay’s private debt group where he worked from 2017.
The private debt business at BlueBay was spun out as Arcmont in 2019.
Amsterdam-based Sallaerts is head of Benelux at Arcmont and, prior to joining the firm, spent four years at Ares, where he was focused on expanding the Benelux franchise.
Parsons-Giles works in the client services team, having joined Arcmont in March 2022. He previously spent three years at Pantheon, working in its investor relations function, where he covered private markets investment strategies across a global client base.
Read more: NAV financing fills gap as GPs look to increase own commitments
“We’re delighted to recognise the achievements of our colleagues with a new round of well-earned promotions,” Arcmont said in a statement online.
“These individuals have made an outstanding contribution to the firm, and we look forward to their continuing success in their new roles.”
In 2023, Nuveen acquired a majority interest in Arcmont and, as part of the transaction, Nuveen Private Capital was formed.
Since its inception, Arcmont has raised €40bn (£34.8bn) and has committed €39bn in investments. The manager runs four strategies, including direct lending, capital solutions, impact lending, and NAV financing.
Nuveen has expanded its alternative investment capabilities with its £9.9bn acquisition of Schroders, announced earlier this week. The deal creates a private markets franchise worth $414bn (£303.6bn).
