The global credit specialist Bain Capital Credit has appointed Carlos Pérez de Yrigoyen as real estate portfolio manager.
Pérez de Yrigoyen, who will be based in Madrid, joins Bain Capital Credit from Anticipa Real Estate (Blackstone) where during four years he worked as senior real estate manager and later as lease portfolio manager. Prior to that, he worked at Hipoges Iberia for three years, holding various positions including that of senior Closing & Financing manager, head of business development and latest real estate portfolio manager where he managed around 2,000 assets in some portfolios.
Last January, Bain Capital Credit has acquired Spanish real estate developer Habitat. In Spain, the company has purchased non-performing loans, leases and real estate valued at more than €3.5bn since 2014.
At the time of Habitat’s acquisition, Fabio Longo, managing director and head of Bain Capital Credit’s European non-performing loan & real estate business, said the firm believes “Spain is one of the most attractive NPL and real estate markets in Europe and Habitat’s sizeable land plots in major cities are a great opportunity to expand our footprint in the residential development sector.”
He added: “We see the potential for continued investment in Spain, particularly in the real estate and non-performing loan markets.”
Bain Capital Credit, a global credit specialist with more than $35bn in assets under management, invests across the full spectrum of credit strategies, including leveraged loans, high-yield bonds, distressed debt and special situations, direct lending, structured products, non-performing loans (NPLs) and equities.