H.I.G. poaches Alcentra director to lead European capital markets coverage

Josh O'Neill
06 September 2022

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H.I.G. Capital has hired Philippe de Limburg Stirum from Alcentra as Head of European Capital Markets, marking this the latest in a series of departures from the credit shop since it came under new ownership in May, Unquote's sister publication Debtwire reported.

The former executive director, who spent more than seven years at Alcentra's private credit unit, is expected to begin the newly created role at H.I.G. Capital as soon as next month.

As Head of European Capital Markets, de Limburg Stirum will transition from direct lending into private equity, leading H.I.G. Capital's engagement with lenders on buyout financing for European deals, as well as refinancings for the sponsor's portfolio companies.

His exit from Alcentra continues a deluge of departures from the organisation in recent years, which began when its former longstanding CEO stepped down in June 2020, and accelerated following Franklin Templeton-owned Benefit Street Partners' takeover of the firm four months ago.

Last November, Peter Glaser, Head of Direct Lending, and Marc Spangenberg, Head of DACH, left Alcentra after struggling to fundraise, as reported. Glaser's appointment by Macquarie as Global Head of Private Credit & Asset Financing was announced today. In a bid to backfill dozens of roles, Alcentra made more than 35 hires last year, according to a recent report by Bloomberg.

De Limburg Stirum joined Alcentra from Deutsche Bank as an Associate in June 2015. At Alcentra, he was primarily responsible for its Benelux direct lending coverage.

While de Limburg Stirum is joining H.I.G. Capital's private equity division, his former boss Pascal Meyyson, a founding member of Alcentra's European private credit platform, is Head of H.I.G. WhiteHorse, H.I.G.'s European direct lending affiliate.

H.I.G. Capital and Alcentra declined to comment.