AnaCap spin-out Veld makes team changes as it looks to raise its next fund

 

The promotions come alongside the firm planning to launch its next Credit Opportunities fund, it said in a statement.

Veld Capital began life as the private credit division of financial services-focused GP AnaCap. The firm was carved out in October 2022, with its existing team staying in place to lead the newly independent company, as reported.

Under the AnaCap Credit brand, the firm’s last fundraise was for AnaCap Credit Opportunities IV, which held a final close in September 2018 on EUR 1bn and deployed tickets of EUR 15m-EUR 75m, targeting European SMEs. The firm’s legacy funds were transferred over to Veld as part of the carve-out and it has raised EUR 2.7bn since its inception in 2009, it said.

The spin-out came at a time when the firm was eyeing “the most enticing investment backdrop in over a decade” for its strategy, it said in a statement.

Prior to joining Veld Capital, Kirkby was head of fund accounting at CVC. In his new role, he will be responsible for finance across Veld’s platform, including funds and management entities. Before CVC, Kempner worked at Davidson Kempner European Partners.

Konstantin Karchinov, Veld Capital

Karchinov was previously a managing director with AnaCap Credit, having been with the firm since 2009. He focused on deal origination and execution in his role at AnaCap and has previous experience with JPMorgan’s principal investments team, according to a statement.

Sebastien Wigdo, Veld Capital

Wigdo joined AnaCap Credit in 2019 and was also previously a managing director, focusing on deal origination and execution of real estate-backed investments. His previous experience includes six years with alternative asset manager King Street Capital, as well as M&A and acquisition finance roles with Deutsche Bank.

Veld Capital has a team of more than 55 staff and has offices in London, Lisbon, Luxembourg, Madrid, Milan and Mumbai, according to its website.

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