EQT hires Hofer and Permira’s Sarin

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EQT Partners has hired Nakul Sarin as a director and Florian Hofer as an associate in the GP’s London-based credit team, according to unquote” sources.

Sarin joins from Permira, where he spent the past four years as an investment director in the firm's debt managers division. He will focus on EQT's Mid-Market Credit Fund, which held a first close on €350m earlier this year, targeting €500m.

Before Permira, Sarin was an associate at Blackstone's restructuring and M&A advisory team for two years, following a two-and-a-half year stint at Merrill Lynch's European leveraged finance group.

Hofer joins EQT's credit team from leveraged finance at Jefferies, where he was an associate for nearly three years. Prior to this, Hofer spent a similar amount of time in Jefferies' Frankfurt office as an analyst in the investment banking team.

At EQT, Hofer will be based in London and work across the credit funds. He will also have some focus on his native Germany, where the firm sees strong opportunities for its Mid-Market Credit fund, according to sources close to the GP.

EQT declined to comment on the appointments or credit fund opportunities.