German asset manager DWS has launched a capital solutions business, forming part of a broader push into the alternative credit market.
The business will be headed by new hire Vlado Spasov, who is based in London, and forms part of DWS’s alternative credit arm. Spasov joins from Trimontium Capital, where he was founder and chief investment officer. Prior to this, he was a managing director in the hedge fund solutions group at Blackstone.
This latest development sees DWS onboard an active deal pipeline, forming part of the asset manager’s strategic initiative to fast-track the growth of its €111bn alternatives arm.
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Dan Robinson (pictured), head of alternative credit for EMEA at DWS, said the new capital solutions strategy sought to address an “under-served part of the private credit markets between senior debt and equity”.
“As well as leading our capital solutions business, we expect Vlado to play a leading role in the growth of our direct lending business,” Robinson, who was appointed last November, said.
Meanwhile, Spasov believes there are significant opportunities for growth within what he describes as the most sophisticated areas of the private credit markets, “especially in the delivery of complexity premia to our investors”.
The launch of the capital solutions business follows the hire of Roscoe Roman to the newly-created role of senior investment manager for alternative credit (EMEA) in March.
