Christophe Vulliez and Vincent Vitores joined BlueBay Asset Management as the firm continues to build its direct lending team, a spokeswoman said.
Mr. Vulliez is head of France and Mr. Vitores is head of Spain, both for direct lending. The positions are new.
They report to Anthony Fobel, partner and head of private lending.
Messrs. Vulliez and Vitores focus on originating and executing direct lending investments, as well as business development for their markets.
BlueBay’s direct lending business has committed €1.3 billion ($1.5 billion) in 26 private debt deals across its first two funds.
“A continuing shortage of supply of debt capital to small- and medium-sized businesses, coupled with increased demand for capital as business(es) look to grow and expand, creates an attractive investment opportunity for BlueBay’s direct lending business,” Mr. Fobel said in a news release. “In addition, in a low-interest-rate environment, investors will continue to allocate to higher-yielding, more illiquid asset classes such as private lending.”
Mr. Vulliez was previously managing director in Paris for Ardian’s private debt team, the news release said. Spokesmen could not be reached for comment by press time.
Mr. Vitores was most recently executive director in debt and equity special situations at GE Capital, the release said. Spokesmen could not be reached for comment by press time.
BlueBay has $60 billion in assets under management.
