A group of former bankers and global Chairman of Deloitte have partnered to create a new debt fund manager, Financial Times reports. John Connolly, who will step down from his roles as global chairman of Deloitte, will take on the role of Chairman of Metric Capital.
The firm, which is seeking to raise €300 million to lend to companies with an enterprise value of €50-500 million, will be led by former global head of corporate credit at UBS and managing director at TowerBrook Capital Partners, John Sinik. Metric will be looking to fund buy-outs, provide growth and acquisition capital, liquidity facilities and rescue financing.
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