Pemberton Expands in North America to Drive Future Growth

Key Takeaways

Geography: United States.

Analysis

Pemberton Asset Management, a leading European private credit manager, is intensifying its expansion into North America as part of its strategic growth plan. This move includes key appointments and the establishment of a New York office aimed at broadening its client base and product offerings in the region.

In March 2025, Pemberton appointed Grant Dechert as Director of North American Business Development. Based in San Francisco, Dechert is responsible for serving clients throughout the Western U.S. He brings extensive experience from his previous role at BlackRock, where he managed business development and client servicing for institutional clients in the Western U.S. Prior to that, he was an ETF Investment Strategist in BlackRock’s iShares division, focusing on macro research and capital markets intelligence related to ETFs.

Additionally, Pemberton has made several strategic hires to strengthen its North American presence:

Daniel Oudiz joins as Managing Director for NAV Financing & GP Solutions, bringing over 18 years of experience in structured finance and capital markets.
Philip Edwards is appointed as Senior Advisor for NAV Financing & GP Solutions, with over 20 years of experience advising private equity clients.
David Canale takes on the role of Head of Canada, Business Development, Client Group, leveraging over a decade of expertise in private markets.

These appointments follow the earlier hiring of Eileen Mancera as Managing Director of North America Business Development. Mancera was also appointed to the Private Equity Women Investor Network, reflecting Pemberton's commitment to diversity and leadership in the industry.

Pemberton's expansion is supported by its robust investment strategies. In 2023, the firm raised $1 billion for its Working Capital Finance (WCF) strategy, focusing on receivables, payables, and inventory financings for large and mid-market companies in both the U.S. and Europe. This strategy offers zero duration and low volatility, appealing to investors seeking stable returns.

Additionally, Pemberton launched its NAV Strategic Financing Strategy, securing over $1 billion in commitments, including anchor financing from a subsidiary of the Abu Dhabi Investment Authority. This strategy provides general partners with non-dilutive capital solutions to support strategic initiatives and portfolio company investments.

With these strategic hires and innovative investment offerings, Pemberton is well-positioned to strengthen its presence in North America and deliver value to its clients across the region.