Adams Street Partners, a private markets investment firm with $5 billion in assets under management (AUM), launched its Private Credit platform in Europe with the appointment of James Charalambides as Partner & Head of the European Private Credit team.
Since launching its inaugural private credit platform in 2016, Adams Street’s Private Credit assets have grown to over $7.6 billion. The private markets investment firm provides a full suite of debt solutions, primarily to private equity-backed middle-market borrowers.
What does James bring to Adams Street in his new role?
James Charalambides will be responsible for leading and managing the firm’s private credit-related efforts in Europe and supporting all aspects of the decision-making process – including sourcing, structuring, reviewing, and negotiating deal opportunities in this space. Mr. Charalambides will report to Bill Sacher, Partner & Head of Private Credit at Adams Street.
Most recently, Adams Street closed its second Private Credit program (PC II), with over $3bn of committed capital, including leverage. In addition to strong representation from existing investors, PC II saw high demand from pension plans, insurance firms, and family offices.
Prior, Charalambides was a Managing Director in the Specialty Lending Team at Sixth Street Partners, where he was responsible for origination, execution, portfolio monitoring, and managing deal teams. He worked at Candlewick Asset Management, a joint venture between Sixth Street and Goldman Sachs, within Houlihan Lokey’s Corporate Finance Group, and previously served in a Business Development and Strategy role at Walgreens Boots Alliance.
What were the executives’ thoughts on the appointment?
Commenting on the hire, Bill Sacher, Partner & Head of Private Credit said, “The strength of Adams Street’s Private Credit offering lies in the firm’s wide network of long-standing sponsor relationships, which provide access to high-quality deal flow and due diligence insights.”
“Europe is fertile ground for sponsor-backed private credit deals. We anticipate James will leverage Adams Street’s comprehensive credit offerings to expand our differentiated and proprietary deal sourcing capabilities,” said Bill Sacher further commented.
Commenting on the new role, Charalambides said, “Robust demand for Private Credit strategies shows the growing appetite among market participants for investments that target high yields whilst also prioritizing stable returns. Adams Street’s Private Credit team has achieved rapid success in harnessing this balance thanks to proprietary sourcing and a granular approach to due diligence. I look forward to building upon this effort in Europe.”