Sound Point Capital Expands European Private Credit Platform With Secured Lending Team

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Postmedia has not reviewed the content. by Business Wire Sound Point Capital Expands European Private Credit Platform With Secured Lending TeamAuthor of the article:Chris Rust and Lei Lei join as Co-Heads to build out the firm’s asset-backed lending capabilitiesTHIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an AccountLONDON — Sound Point Capital Management, LP (“Sound Point”), a global alternative credit manager with over $45 billion in assets under management,1 today announced a partnership with Ninety One to support the completion of the Ninety One European Credit Opportunities Fund 1 and expand Sound Point’s European private credit offering. As part of the partnership, the three-person investment team responsible for the strategy will join Sound Point, which intends to grow its business in this space.This advertisement has not loaded yet, but your article continues below.Chris Rust and Lei Lei join Sound Point as Portfolio Managers and Co-Heads of European Secured Lending, alongside Lachlan Viney, Director and Senior Analyst. All three are based in London and join from Ninety One, where Mr. Rust and Mr. Lei co-led the firm’s European Secured Lending strategy. They will report to Russell Holliday, Head of Europe.Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe team will focus on directly originated, asset-backed lending to European borrowers outside the traditional sponsor channel, where bank retrenchment continues to drive demand for flexible, structured capital. The strategy builds on Sound Point’s U.S. capabilities across Capital Solutions, Direct Lending, and Specialty Finance, adding asset-backed lending to its European private credit offering. During the transition, Sound Point will serve as sub-adviser to the European Credit Opportunities Fund 1, partnering with Ninety One to deliver the fund and its investments through to completion.Sound Point’s European expansion is also supported by the recent appointment of Victoria Davies as Managing Director and Head of Europe for Global Client Solutions, strengthening the firm’s institutional relationships and client coverage across the region.“Chris and Lei bring exactly the disciplined, downside-focused underwriting we look for as we grow our European platform,” said Stephen Ketchum, Founder and Managing Partner. “It’s a segment of the market we think is substantially underserved, and one where we believe we can deliver significant value for our investors.”“Chris and Lei have spent their careers underwriting complex European credit through multiple cycles, and they bring a rare combination of deep origination relationships and structuring discipline,” added Russell Holliday, Head of Europe. “European asset-backed lending outside the sponsor channel is one of the most attractive and difficult to access parts of the market today, and a natural complement to our existing capabilities.”Mr. Rust has 26 years of experience in European and U.S. opportunistic and distressed credit, private equity, and M&A advisory. Prior to Ninety One, he founded Sterndale Capital Partners and was a Managing Director at Oak Hill Advisors, where he was responsible for European opportunistic and distressed credit investments and sat on the investment committee of the firm’s Strategic Credit Fund. Prior to Oak Hill Advisors, Mr. Rust was a senior investment analyst at Värde Partners, where he helped build the firm’s European distressed credit business.This advertisement has not loaded yet, but your article continues below.Mr. Lei has 23 years of experience in European performing, opportunistic, and distressed credit and M&A advisory. Prior to Ninety One, he was a Portfolio Manager and Managing Director at Oak Hill Advisors, where he helped build the firm’s European credit business and was a member of the Strategic Credit Fund investment committee.“We were looking for a platform with meaningful scale in credit, genuine structuring capabilities, and the conviction to fully support a European asset-backed strategy,” said Mr. Rust and Mr. Lei in a joint statement. “Sound Point offers that combination, along with a partnership culture that puts investors’ interests first. We are excited to build this business with the breadth and resources of a $45 billion platform behind us.”Magellan Advisory Partners served as advisor to the team.About Sound Point Capital Management, LPSound Point Capital Management is a diversified alternative asset management firm with an expertise in credit. Based in New York City, with offices in London, Greenwich, West Palm Beach, and San Francisco, the firm manages money on behalf of institutional investors including top-tier pensions, foundations, insurance companies, wealth management firms, and family offices. Sound Point’s strategies span the spectrum of liquid and illiquid credit alternatives and include funds and managed accounts focused on leveraged loans, special situations, distressed debt, structured credit, direct lending, and commercial real estate. Sound Point currently manages over $45 billion in assets and was founded by Stephen J. Ketchum, who is the controlling shareholder. Stone Point Capital LLC principals, a third-party permanent capital fund managed by the Dyal Capital division of Blue Owl Capital Inc., and Assured Guaranty U.S. Holdings Inc. are strategic investors in the firm. For more information, please visit www.soundpointcap.com.Provided for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities. This information does not constitute investment, tax, or legal advice by Sound Point nor an opinion or recommendation regarding the appropriateness of any investment. Forward-looking statements are subject to risks and uncertainties, and actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. All investing involves risk, including the risk of a total loss. Past performance is not indicative of future results. Unauthorized dissemination, distribution, disclosure, or other use of the contents of this press release is strictly prohibited and may be unlawful.This advertisement has not loaded yet.This advertisement has not loaded yet, but your article continues below.Except where otherwise indicated herein, the information provided is based on matters as they exist as of the date of preparation and not as of any future date and will not be updated or otherwise revised to reflect information that subsequently becomes available, or circumstances existing or changes occurring after the date hereof. Sound Point is registered as an investment adviser with the US Securities and Exchange Commission (the “SEC”). Sound Point’s Form ADV, Parts 1A and 2A, is publicly available on the SEC’s website at http://www.adviserinfo.sec.gov. Part 2B is available upon request. Being a “registered investment adviser” or describing Sound Point as being “registered” does not imply a certain level of skill or training.Sound Point Capital Management UK LLP is authorized and regulated by the Financial Conduct Authority (FRN 660818).As of 6/30/2026. AUM does not include redemptions/liquidations, and where relevant, includes committed capital to vehicles that have not yet been drawn, entities that are not open to new investors and/or are in the process of winding down, and the closed total commitment of all loans managed by Sound Point Commercial Real Estate Credit, including inherited portfolios that were originated by another manager and assets attributable to a non-advisory client.View source version on businesswire.com: This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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