Investec Bank (Investec) has expanded its fund finance offering to US private equity with the appointment of Olivia Deroy in an Origination and Relationship Management role for Investec’s US Fund Solutions team in New York.
As part of the US team, Deroy will focus on providing both capital call facilities and GP financing to mid-market closed-end private capital funds. The team will also bring to the US its market-leading distribution franchise, which it has built up in the UK and Europe.
The US team will look to originate deals primarily in the private equity asset class however is also able to provide solutions to infrastructure and real estate.
Investec has rapidly grown its Fund Solutions team in recent years – from 13 people in 2020 to 37 currently – to meet the ever-rising demand for its solutions-driven approach. The team has already been servicing the American market from its London office, having completed three US fund finance deals in the past three months. The office opening is a natural step in the business’ growth journey. It now has a presence in London, South Africa and the US.
Deroy joins from First Republic Bank in New York, having previously worked for four years in Investec’s Fund Solutions team in London.
