CVC Credit Partners appoints new head of credit

By Daniel Lanyon on Sunday 28 January 2018

Alternative Lending

CVC Credit Partners has appointed Gretchen Bergstresser as Global Head of Performing Credit.

CVC Credit Partners has appointed  Gretchen Bergstresser as Global Head of Performing Credit.

Gretchen has headed the US performing credit strategy of CVC Credit Partners since its inception, having co-founded the US CLO platform Apidos in 2005. 

Apidos was combined with CVC Cordatus, CVC’s European credit business in 2012, to form CVC Credit Partners. Phil Raciti, Senior Managing Director in CVC Credit Partners’ New York office, will become Head of US Performing Credit. Andrew Davies, Senior Managing Director in the London office, will become Head of Europe.

Jonathan Bowers, Partner and Senior Portfolio Manager in London, has announced his intention to reduce his time commitment to CVC Credit Partners in order to pursue other opportunities and, from 1st February, will become a Senior Adviser to the business in a part time capacity.

Hamish Buckland, Chairman of CVC Credit Partners, said:  “Jonathan has been with CVC Credit Partners since 2006, when he co-founded CVC Cordatus.  He has been instrumental in both building our market-leading European credit platform and driving our exceptional returns over the last 11 years.”

“We wish him all the best in all his future endeavours. We are also delighted to be able to continue to benefit from his experience, wisdom and insights in his advisory role.”

CVC Credit Partners is a credit manager focused on sub-investment grade debt across the U.S. and Europe, with $18.1bn of assets under management.  

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