Frankfurt am Main, March 18, 2019 – The appointment of Richard Kuckelkorn as Head of Private Debt on February 1, 2019 marks the entry into the rapidly growing private debt market by H&A Global Investment Management GmbH (HAGIM), the recently established joint venture between Hauck & Aufhäuser and the Taunus Group, the parent company of the Frankfurter Leben Group.
Private Debt’s strategy is initially set at a target volume of € 1 billion. The first closing is in the amount of € 500 million. Kuckelkorn will lead the specialized team mandated to deal in private debt instruments and will additionally be appointed Chairman of the Private Debt Investment Committee.
Private Debt’s particular focus is on German and European SMEs in need of innovative funding solutions for refinancing purposes, growth capital, or corporate acquisitions. The Private Debt team’s goal is to support both companies and lending banks as a partner. A further pillar will be the provision of support to companies in the hands of private equity (PE) investors, although initially this field will be pursued on a selective basis. The ticket size of individual investments is expected to be between € 10 million and € 100 million.
Kuckelkorn will be based in Frankfurt and will be supported by a team of three other investment specialists. He is an experienced expert for investments in the private debt market, having most recently worked for Deutsche Bank.
“We are delighted to have won Richard Kuckelkorn and his team for HAGIM. He will enable us to deliver additional investment opportunities in the alternative investment segment to our institutional clients as well as, in future, also other professional investors,” says Thomas Herbert, Managing Director and Head of Portfolio Management of HAGIM.