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Pemberton

Private debt asset manager in Europe

Overview

Pemberton is an independent asset management group that focuses on private debt and direct lending to European non-investment grade mid-market companies. It connects borrowers with institutional investors worldwide by providing funding through a long-term partnership approach. The company combines asset management and banking expertise and operates across seven European locations to stay close to clients. A 40% equity stake from Legal & General Group Plc established a large-scale platform with experienced local origination teams, giving access to European mid-market borrowers. Pemberton’s goal is to build lasting relationships with borrowers and channels for capital, enabling funding from global institutions to support European private debt opportunities.

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About Pemberton

Simplify's Rating
Why Pemberton is rated
B-
Rated B on Competitive Edge
Rated B on Growth Potential
Rated C on Differentiation

Industries

Financial Services

Company Size

51-200

Company Stage

N/A

Total Funding

N/A

Headquarters

London, United Kingdom

Founded

2011

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Simplify's Take

What believers are saying

  • Ashcourt refinancing on August 18, 2026 deepens sponsor relationships with Verdane and growth borrowers.
  • Pemberton acquired Nordstern on August 12, 2026, showing capital deployment into control opportunities.
  • Daphne Sun's August 2026 UK hire strengthens origination across leveraged finance and sponsor coverage.

What critics are saying

  • Nicole Gates left March 2026, and the chief credit officer exited after a 2026 reorganization.
  • Dominic Courtman starts January 2027, leaving Rob Reynolds transition risk across the CLO desk.
  • Nordstern's EBITDA fell to DKK 42 million in FY25, exposing Pemberton to underwriting stress.

What makes Pemberton unique

  • Pemberton's €3.4 billion Strategic Capital close on May 28, 2026 dominates European opportunistic direct lending.
  • Its ten-office European platform and sponsor relationships generate proprietary private-equity-led deal flow.
  • The Indigo CLO platform reached €1.6 billion AUM, adding diversification beyond direct lending.

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Company News

Pemberton Asset Management
Oct 15th, 2026
Pemberton backs Exponent's buyout of Irish telecoms infrastructure firm Killarney Telecommunications

Pemberton has provided a financing package to support Exponent's investment in Killarney Telecommunications Limited (KTL). The financial terms were not disclosed. Founded in 1998 and based in Naas, Ireland, KTL provides critical infrastructure services to telecoms and power networks across Ireland and the UK. It covers design, planning, engineering, commissioning, and maintenance for network operators and asset owners. KTL has more than 600 employees. Pemberton says it is well placed to meet rising demand from growing data use, network densification, and the electrification of the economy. Tom Jervis, director of origination at Pemberton, said the firm is "delighted to back Exponent and the KTL management team" as the business continues to scale.

Dailyhunt
Oct 13th, 2026
Pemberton opens Tokyo office to tap demand for European private credit.

Pemberton opens Tokyo office to tap demand for European private credit. 60 minutes ago European private credit manager Pemberton Asset Management has opened an office in Tokyo as it seeks to deepen relationships with Japanese institutional investors and expand its presence in Asia. The London-based firm has served Japanese investors since 2018. The new office will be led by Shintaro Mori, who is relocating to Tokyo from his business development role, Pemberton said in a statement on Tuesday. Pemberton has also appointed Shotaro Sese as executive director of business development and Naoko Nozaki as head of compliance in Japan. Sese will focus on institutional investor relationships, while Nozaki will oversee the firm's compliance and regulatory matters in the country. The expansion comes as Japanese institutional investors increasingly look beyond domestic markets to diversify their private credit allocations, according to Pemberton. The firm plans to open another office in Asia in the near future but did not disclose the location. 'Japan is an important market for us,' said Symon Drake-Brockman, Pemberton's co-founder and managing partner. 'With a permanent presence in Tokyo, we will be able to work even more closely with our clients in the market.' Jun Narui, Pemberton's head of Asia Pacific, said Japanese investors were broadening their interest beyond direct lending into other private credit strategies. 'Geographic diversification is becoming an increasingly important consideration, driving interest in European private credit given the depth, scale and maturity of the region's lending markets,' Narui said. Global allocations to European private credit are expected to nearly double to more than €800 billion by 2030, according to research cited by Pemberton from Preqin. The Tokyo office adds to Pemberton's regional business development and investor relations team, which includes Narui and investor relations professional Ayu Kurauchi. The firm said the expansion would strengthen its ability to serve Japanese investors and provide access to its European private credit strategies. Pemberton's move comes as asset managers seek to build closer relationships with institutional investors in Asia, where demand for overseas private market strategies is creating opportunities for managers to raise capital beyond their home markets.

Royal Crescent Publishing Limited
Oct 13th, 2026
Pemberton opens Tokyo office as Japanese investors eye European credit.

Pemberton opens Tokyo office as Japanese investors eye European credit. October 13 2026 Pemberton Asset Management has opened an office in Tokyo, as Japanese institutional investors eye European private credit. The new office will be led by Jun Narui, head of Asia Pacific, and Shintaro Mori in business development, who will both relocate to Tokyo, alongside Ayu Kurauchi in investor relations, who has played a central role in building the firm's presence in the region, the manager said. The European firm, which oversees $34bn (£25.6bn) in assets, also plans to open a second office in Asia in the near future. It comes as institutional investors across the region continue to allocate capital to European private credit to diversify their portfolios, Pemberton said. "Interest in private credit continues to grow among Japanese institutional investors," said Narui. "As allocations increase, many investors are expanding their focus beyond direct lending into other areas of private credit. "Geographic diversification is becoming an increasingly important consideration, driving interest in European private credit given the depth, scale and maturity of the region's lending markets." As part of the expansion, Shotaro Sese has joined Pemberton as executive director for business development, while Naoko Nozaki has joined as head of compliance. Based in the Tokyo office, Sese will develop relationships with institutional investors and support the firm's growth in Japan, while Nozaki will oversee all compliance matters in the country. The office strengthens the manager's presence in Japan, where it has had an institutional investor base since 2018. Japan accounts for an increasingly important share of capital allocated to private credit, Pemberton said. "Japan is an important market for us," said Symon Drake-Brockman, co-founder and managing partner at Pemberton. "Our experienced London-based team has done an excellent job building our Japanese business for nearly a decade, and now with a permanent presence in Tokyo we will be able to work even more closely with our clients in the market."

Pemberton Asset Management
Sep 29th, 2026
Pemberton appoints Dominic Courtman to lead its CLO platform.

Pemberton appoints Dominic Courtman to lead its CLO platform. * 29th September 2026 * Dominic Courtman will join as Managing Director and Head of Pemberton's Collateralised Loan Obligation ('CLO') Group * Since inception, Pemberton's CLO business has grown to €1.6 billion in AUM Pemberton Asset Management ("Pemberton"), one of Europe's leading private credit managers, has hired Dominic Courtman as Managing Director and Head of its Collateralised Loan Obligation ('CLO') Group. Dominic's appointment builds on the strong momentum of Pemberton's CLO business and will support its continued growth. He brings more than 30 years of experience across leveraged credit, portfolio management and corporate finance. Most recently, Dominic was Managing Director, Deputy CIO and Senior Portfolio Manager at Investcorp, where he was responsible for the portfolio management of the firm's European CLOs and closed-ended credit funds. Since its inception, Pemberton's CLO business has grown to €1.6 billion in AUM, with further new issues planned under its Indigo Series. In 2025, the platform issued two new CLOs under its Indigo series (Indigo III and Indigo IV) and successfully repriced Indigo I. After nearly five years with Pemberton, Rob Reynolds has decided to step back from his role as Head of CLOs to spend more time with his family and pursue some of his other interests, including his writing. Pemberton Asset Management Group is delighted to welcome Dominic to lead Pemberton's growing CLO platform. Dominic brings a wealth of experience from over 30 years in the industry and will be instrumental progressing the expansion of the platform. I would like to thank Rob for his contribution to Pemberton over the past five years. During his time with Pemberton, Rob has overseen the establishment and development of the Pemberton Indigo CLO platform and has contributed more broadly to the firm. - Ben Gulliver, Head of Portfolio Management & Co-Head of Direct Lending I am delighted to be joining Pemberton at an exciting stage in the ongoing development of its CLO group platform. The strength of the team and the building momentum behind the Indigo series provide an excellent foundation for continued growth. I look forward to working with the wider team to build on the platform's success. - Dominic Courtman, incoming Managing Director and Head of Collateralised Loan Obligation Group I have greatly enjoyed the challenge of establishing the Indigo platform and am very grateful for the support I have received from Ben and the team at Pemberton. I'm looking forward to spending more time with my family and getting my first book published. - Rob Reynolds Pemberton's CLO strategy focuses on the active management of liquid, broadly syndicated European leveraged loan portfolios, supported by a robust investment framework combining fundamental credit analysis, structured portfolio construction and ongoing risk monitoring. The Indigo platform is a core pillar of the firm's multi-strategy private credit offering. Dominic Courtman will begin his role at Pemberton in January 2027. In the interim, Jay Daryanani, Managing Director and Deputy Head of CLOs, will lead the CLO team. This arrangement will ensure continuity across the team's investment activities and the ongoing management of the CLO platform

Pemberton Asset Management
Aug 18th, 2026
Pemberton backs Ashcourt Group refinancing to fuel building materials platform's growth

Pemberton has provided a financing package to support the refinancing of Ashcourt Group, a vertically integrated building materials and waste management platform. Founded in 2009 and backed by Verdane since 2025, Ashcourt combines virgin and recycled material supply, waste handling and disposal, and general contracting services from its network of material-handling sites and quarries. The financing will refinance existing debt and support Ashcourt's ongoing growth and business development. Tom Jervis, director of origination at Pemberton, said the deal marks the start of what the firm expects to be a meaningful partnership with Ashcourt and Verdane.

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