David Hirschmann and Ariadna Stefanescu were appointed co-heads of alternative credit firm Permira Credit, effective immediately.
The appointments follow the retirement of CEO John Greenwood, announced in September, a spokesperson confirmed.
Permira Credit has about $10 billion in assets under management across direct lending, structured credit and other strategies.
Hirschmann has primary responsibility for private credit, including direct lending and strategic opportunities, a news release said. He joined Permira in 2015 and led the growth of its direct lending business.
Stefanescu joined Permira in 2007 and was head of liquid credit. She also oversees the firm's multistrategy credit offering. She retains these responsibilities, the spokesperson said.
As part of the leadership transition process, Claire Harwood and Jens Bauer, managing directors in direct lending, were appointed co-heads of the direct lending investment team.
"We have an ambitious growth agenda for 2024 and beyond which includes both product growth and geographic expansion, and we're looking forward to leading the business during what is an exciting time for both public and private credit markets," Hirschmann and Stefanescu said in the release.