Leveraged loan asset management firm Alcentra is building its credit research team in response to growing assets under management. The buyside firm's Los Angeles-based arm has hired three credit analysts, taking from the buyside and sellside. Amy Adler has joined from Principal Global Investment's Post Advisory Group, while Olivier Tabouret has left Bear Stearns in New York and An Pham has joined from Merrill Lynch in Princeton, N.J. Alcentra's lead portfolio managers in the U.S. areDale Lashaw, Steve Bruce and Phil Otero. Alcentra officials declined comment.
The hiring is in response to growth in assets under management, a source familiar with the situation said. The firm currently has $4 billion of assets invested in U.S. and European loans. This year Alcentra has raised the $375 million Pacifica CDO III in the U.S. and in Europe raised the approximately $400 million Jubilee IV. Alcentra was formed through a management buyout of Imperial Credit Asset Management in 2002.