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Old Mutual Alternative Investments has appointed Gareth McElhone as partner in its Hybrid Capital team. The team provides hybrid capital, a form of private capital that sits between traditional debt and equity, combining contractual income and capital protection with the potential for equity-like upside.
McElhone joins from Nedbank Corporate and Investment Banking, where he spent nine years and most recently served as head of alternative equity. In that role, he led a strategy spanning mezzanine finance, venture capital and equity co-investments, with a particular focus on working with private equity sponsors, investment holding companies, family offices and other capital allocators across South Africa and sub-Saharan Africa.
His career also includes seven years in investment banking at Standard Bank, where he focused on the origination, structuring and execution of structured capital and mezzanine transactions. Earlier in his career, McElhone worked with European Capital in London, focusing on leveraged buyout and mezzanine investments in the European mid-market, following transaction advisory and financial services experience with EY across Cape Town, New York and London.
“Gareth brings a depth of private capital experience that aligns strongly with how we are building our Hybrid Capital strategy. His ability to originate opportunities, structure flexible capital solutions and navigate complex transactions will add significant strength to the team as we continue to grow our team. We look forward to the perspective and relationships he will bring as we expand the solutions we can offer businesses and our investors,” said Mujaahid Hassan, head of Hybrid Capital.
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