Federated Hermes, a global leader in active investing, today announced the appointment of Carlos Gross as Head of European Credit Opportunities in the Private Credit team. Based in London, Carlos reports to Patrick Marshall, CIO and Head of Private Credit.
In this newly created role, Carlos will be responsible for leading Federated Hermes Private Credit’s credit opportunities strategies in Europe, expanding the firm’s private credit offering to meet a broader range of investor risk‑return objectives through selective, downside-focused credit solutions across Europe. The strategies will focus on sourcing, structuring and investing in loan solutions for European companies navigating complex capital needs or market dislocations, supported by rigorous underwriting standards and a focus on capital preservation across the cycle.
Carlos brings more than 15 years of experience in European credit markets. He joins Federated Hermes from Benefit Street Partners, formerly known as Alcentra, where he served as Executive Director in the alternative fixed income asset manager’s Special Situations Group. Earlier in his career, he held roles at Stellex Capital Management, a private equity firm focused on distressed and special situations, Evercore in its Special Situations Group, and Bank of America Merrill Lynch’s Financial Institutions Group. Carlos holds degrees in Law and Business Administration (Finance) from Universidad Pontificia Comillas (ICADE) in Spain.
Established in 2015, Federated Hermes Private Credit has over a decade‑long record of providing institutional investors with access to leading loan opportunities across the European lower and mid‑market. The platform provides private credit strategies including direct lending and real estate debt, supported by a robust origination network and a disciplined, selective lending approach.
We are pleased to welcome Carlos, who brings an impressive skill set in the credit opportunities area. His arrival comes at a time when we are strengthening our Private Credit platform amid a rapidly evolving asset class, where investors are placing increased emphasis on selectivity, disciplined underwriting and transparency. Today’s appointment supports our future growth by strengthening our ability to meet client demand for strategies with differentiated risk and return profiles that complement their existing portfolios.
Patrick Marshall, CIO and Head of Private Credit
I’m delighted to join Federated Hermes’ established Private Credit team. This is an exciting opportunity to help build out the platform’s capabilities around credit opportunities and to work alongside a team recognised for its expertise across European private credit. I look forward to contributing my experience to support our clients’ investment objectives and the continued growth of the platform, where our focus remains on protecting client capital and identifying compelling risk-adjusted opportunities.
Carlos Gross, Head of European Credit Opportunities
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