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MOVES-LPC: AB Private Credit targets growth in 2016, expands team

2016-04-08 03:36:58| IT Services - Topix.net

AB Private Credit Investors , the middle market lending platform of global asset manager AB, is targeting continued growth in 2016 with a trio of senior hires and fundraising aimed to add US$500m in new capital, Brent Humphries, head of AB - PCI told Thomson Reuters LPC. "Private alternatives lenders such as AB - PCI are uniquely suited to meet the financing needs of middle market companies and fill the void left by traditional lenders," said Humphries.

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