Arrow Capital Partners has appointed CBRE IM's CIO of EMEA Credit Strategies Alexandra Lanni to lead its European credit business.
As head of Credit, Europe, Lanni will be responsible for expanding Arrow Capital Partners’ credit capability into Europe while continuing to manage the Laxfield loan portfolio. Arrow’s credit business was established in Australia and Asia-Pacific in 2017, where it currently manages more than A$500 mln of loans.
The European platform will take advantage of market dislocation to target lower and higher yielding credit strategies with loans of €15-€100 mln, as well as large-scale capex and development finance opportunities where it sees appropriate risk adjusted return. To support its partnership approach to sponsors and projects in which they have high conviction, Arrow also intends to establish structured joint venture programmes.
Arrow will work with a combination of its existing capital partners, legacy Laxfield investors and new investors ranging from sovereign wealth funds and insurance companies to private and institutionally managed capital.
Lanni joins Arrow with a 20-year track record of real estate credit investment, having deployed more than €3.5 bn into credit. She joined CBREIM in 2019 as part of its acquisition of specialist debt fund management business Laxfield in which she was a shareholder.
During her time at Laxfield, she partnered with a number of US life insurances companies, banks and established Laxfield LLP, a £1 bn CRE lending fund. Prior to this, she worked with Lloyds Banking Group/HBOS from 2006 to 2011 as part of the European team, where she carried out a number of operational asset restructurings and wider strategic projects pre and post LBG’s acquisition of Halifax Bank of Scotland following the global financial crisis.
Commenting on the appointment, Christian Bearman, partner at Arrow Capital Partners, said: 'The move to expand our credit business into Europe is part of a broader initiative to diversify our business across five key strategies, targeting value add/opportunistic, core plus, special situations and private credit, as well as continued investment into our €3 bn pan-European urban logistics platform.'
Alexandra Lanni, head of Credit, Europe at Arrow Capital Partners, said: 'This is a fantastic opportunity to join a well-established and highly experienced team at a key moment in the investment cycle. We aim to use our expertise to give borrowers a refreshingly high degree of certainty and efficiency in the deal process by focussing on what’s fundamentally important.'
