By Andrei Skvarsky.
Investment firm Permira has promoted David Hirschmann and Ariadna Stefanescu to the roles of co-heads of the Permira Credit unit while Jon Serbousek was hired as a senior adviser to Permira’s global healthcare team and Jon Marschmeyer joined the firm’s New York healthcare division as a partner.
Hirschmann and Stefanescu will retain their current roles as head of private credit and head of liquid credit respectively, according to a statement from the London-headquartered firm.
Hirschmann’s duties as head of private credit include oversight of direct lending, a business he has supervised growing from 1bn euros ($1.1bn) in 2015, the year he joined Permira Credit, to about 12bn euros ($13.9bn) today, the statement said.
Before coming to Permira Credit, Hirschmann was a managing director at former investment management company Babson Capital Europe.
Stefanescu has focused primarily on the collateralised loan obligation business and on structured credit since she joined Permira Credit at its inception in 2007.
The nine Providus CLOs issued since 2018 represent assets under management totalling 3.5bn euros ($3.8bn), the statement said.
Before joining Permira Credit, Stefanescu worked at J.P. Morgan.
Serbousek, a former top manager in various medical technology companies, was chief executive of Texas-based medical device company Orthofix as his previous job, while Marschmeyer comes from Chicago-based investment firm Vistria, where he mainly focused on pharmaceutical services, Permira said in other statements.
Marschmeyer’s career record includes investment banking roles at Merrill Lynch and American bank Greenhill.
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