BlackRock has appointed Stephen Allan as head of Australasia private credit.
Based in Sydney, Allan will lead the origination and sourcing of private credit investments in Australia and New Zealand. He will also play an active role in the investment process – from deal structuring and execution through to monitoring performance.
With nearly 20 years of experience in credit deal origination and sourcing, Allan joins BlackRock from Nomura, where he was responsible for the origination, structuring, and syndication of illiquid credit opportunities in Australia and New Zealand. Before joining Nomura in 2010, he worked with Lloyds International in Sydney, where he was involved in transaction restructuring of distressed corporate, real estate and leveraged finance accounts in the business support unit.
Celia Yan, head of APAC private credit at BlackRock, comments: “Private credit continues to gain a significant share of client portfolios, thanks to attractive risk-adjusted returns and diversification benefits throughout economic cycles. Stephen’s extensive market knowledge complements our wealth of local expertise throughout Australia, China, India, New Zealand, and Southeast Asia – to the benefit of clients. His expertise helps advance our ability to provide customized and diversified private debt solutions that meet specific client needs.”
BlackRock’s global private debt platform manages US$84 billion across the asset class. The global private debt team comprises over 200 investment professionals in over 18 cities globally, as of August 2023, and holds more than 22 years of cycle-tested investment experience.
