05 Mar 2019
Investec continues Fund Finance expansion in the US with senior appointment
Tom Glover joins Investec to lead the US practice and to address private equity funds’ growing demand for portfolio based financing solutions.
Investec Bank plc (“Investec”) today announced the appointment of Tom Glover to head the bank’s Fund Finance business in New York and join Fund Finance’s global leadership team. Tom now leads a growing U.S.-based team at Investec USA Holdings Corp. that is expanding its presence in portfolio-based financing solutions.
Commenting on Tom’s appointment, Simon Hamilton, Head of Fund Finance, said:
“We are excited to announce Tom’s appointment to lead our team in New York. He brings a wealth of experience in structuring, negotiating and closing substantial and complex transactions. With his excellent strategic connections developed over his extensive career within the US private equity market, Tom will further establish Investec as an innovative leader and trusted partner and broaden our offering to private equity clients at the more structured end of our lending capabilities.”
Tom Glover said:
“I am delighted to join Investec at such an exciting time as the team continues its expansion into some of the most sophisticated areas of fund finance. This is a great opportunity to become a part of an organisation with an extraordinary and entrepreneurial culture. I look forward to contributing to that unique culture, while helping to grow the Fund Finance business, both locally and globally.”
A key focus for Tom will be to expand Investec’s successful portfolio-based lending to private equity funds. Private equity firms are increasingly seeking flexible capital to support the value creation process into the late stages of a fund’s life-cycle. Evidence of this was found in Investec’s 2018-19 annual GP Trends survey of 289 private equity industry participants, which found that 83% of managers are contemplating making substantial investments into their portfolio companies well into the fund’s harvesting period. Investec is able to help private equity firms with flexible capital by providing effective financing solutions to support ongoing portfolio value creation and preservation.
Tom joins Investec from BMO Capital Markets (“BMO”), where he was a senior member of the Financial Sponsors Group for 15 years, responsible for originating and structuring leveraged finance, mergers & acquisitions and equity raising transactions with leading large cap and middle market private equity sponsors. Tom brings over 30 years of investment banking experience, having held leadership positions in leveraged finance and capital markets at Merrill Lynch, Deutsche Bank and Goldman Sachs and started his career at Donaldson, Lufkin & Jenrette.
Other recent hires to Investec’s New York-based Fund Finance team include Sean Kulkarni as legal counsel, and Matthew Kebble as associate.
For more information, please contact:
Fatima Ismat, Lansons (PR agency for Investec CIB) - 020 7566 9709
Luke O’Mahony, Investec (Public Relations) - 020 7597 5261
About the Investec Funds team
Together, Investec Fund Finance and Investec Fund Solutions provide strategic financing and risk management solutions to funds and fund management teams globally. This unique set of capabilities offers flexibility and strategic solutions at each stage of the fund cycle, as well as to the GP itself.
Our aim is to help you enhance returns, maximise the efficiency of your fund’s equity and increase your competitiveness in an aggressive market environment. Innovation is at the heart of our thinking and our global team has the vision and the resources to create unique financing structures and bespoke hedging solutions to match your requirements.
Investec Corporate and Investment Banking
Investec CIB is an international corporate and investment bank working with growth-orientated companies, institutions and private equity funds. Our people set us apart – empowered, straightforward and invested in our clients’ long-term success. We provide capital solutions, advice and ideas, along with bespoke investment solutions and access to capital markets. Founded in 1974, The Investec Group has grown successfully through its client focussed approach and its ability to serve diverse and evolving financial needs.
This press release is issued on behalf of Investec Bank plc. Registered address: 30 Gresham Street, London, EC2V 7QP. (Reg No. 489604). Investec Corporate and Investment Banking is a brand name of Investec Bank plc, which is a member of the London Stock Exchange.
Investec Bank plc (Reg. no. 489604) is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.