HIG promotes Mundassery to head of European direct lending

The HIG direct lending team provides loans to SMEs with EBITDA of up to €25m.

Mundassery joined HIG in August 2009, leaving his role as senior portfolio manager at Highland Capital Management Europe after six years.

Prior to joining Highland, he spent one year with Nightingale & Associates.

The promotion of Mundassery comes six months after HIG appointed Giuseppe Mirante as managing director in its London-based credit investment arm, Bayside Capital.

It also follows the sale of a minority stake in HIG to Dyal Capital Partners, a vehicle managed by Neuberger Berman. At the time of the deal, the firm said proceeds will be used to increase investments in its own funds and to finance a number of growth initiatives.

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