Welcome to LCM Partners

LCM Partners is one of Europe's leading alternatives investment management firms.

We are widely recognised for our deep understanding of credit and track record of generating strong, risk adjusted returns for our clients through investments in performing, rescheduled and non-performing loans.

About LCM

Offering unrivalled expertise, LCM has been investing in credit for over 17 years.

Our senior team has over 350 years' combined experience with backgrounds in asset management, investment banking, strategic consulting, M&A and business intelligence. The core senior management team has been in place for over 12 years.

We benefit from a proactive approach with banks and financial institutions, often transacting on a repeat basis or building long term exclusive partnerships.

Supported by our associated loan servicing specialist Link Financial Outsourcing, as a group we employ over 450 people across 8 European offices.

Moreover, LCM has established a global network of servicing partners in over 30 countries, that further enhances our reach, providing unparalleled access to transactions and opportunities across the key European and global markets.

Over 350 years'

experience investing
in European credit

Proven track record

of managing over
2,000 portfolios

Strong credit expertise

within performing and
non performing loans

8 European offices

provide superior access
to our key markets

Investment Management

LCM has one of the strongest origination capabilities in Europe and is responsible for managing over €13.5 billion across over 2,000 portfolios.

There is no substitute for experience in this market. We have a proven track record of investing in credit since 1999 and generating stable, double digit returns for our investors and shareholders across the economic cycles.

The marketplace we operate in is large and offers a continual flow of investment opportunity; LCM targets mid-market transactions of €5-75 million across consumer and SME loans including credit cards, mortgages, personal and commercial loans, retail credit, auto loans, leasing and asset finance, utility bills and consumer public sector (including student loans).

 

LCM’s Investment Management
capabilities are built on:

  • A demonstrable track record with the leading European financial institutions that stretches back to the 1990s
  • A static pool data warehouse that can report on individual payments across c. 2000 portfolios; and
  • Our proven track record of creating opportunities for banks whilst delivering stable returns for our investors

Typical pool of portfolios

  • Credit cards 30%
  • Unsecured retail 20%
  • Auto loans 30%
  • Asset finance / leasing15%
  • SME loans / leasing15%
  • Other receivables (e.g. public sector)5%

Environmental, Social & Governance principles

LCM Partners recognises the importance of environmental, social and governance (ESG) issues, in the way we invest and the way we manage our investments. We believe that a comprehensive ESG framework, with a strong focus on compliance, promotes good management practices whilst contributing to the long-term success of LCM and our clients.

Our approach is, above all, customer centric:

  • We were a pioneer of the concept in Europe of treating all our customers fairly, ethically and professionally regardless of their personal circumstances
  • Our associated group loan servicing business is rated "Strong" by Standard and Poor's as a special servicer; compliance is a cornerstone of the whole servicing process
  • We have always adhered to and held ourselves up to the highest standards of conduct
  • We regularly advise and instruct our team on their personal and professional responsibilities where ESG risks and opportunities present themselves
  • We rigorously vet our external suppliers to ensure that they share the same high standards of ESG that we hold ourselves up to; and
  • As a firm and as individuals, we spend large amounts of time working with neighbourhood charities as well as helping to raise funds for local and international organisations

People

Our performance is a direct result of the expertise of our team.

    1. Philippe Paillart

      Position

      Group Chairman

    2.  
      Nationality

      French

    3.  
      Experience

      43 years

  • Previous employment history

    Deputy Chairman / CEO of DBS, Chairman / CEO Ford Credit

    1. Paul Burdell

      Position

      Group CEO

    2.  
      Nationality

      American

    3.  
      Experience

      32 years

  • Previous employment history

    Octagon Analytics, JP Morgan Chase, DLJ, United Bank of Kuwait

    1. Selina Burdell

      Position

      Group COO

    2.  
      Nationality

      British

    3.  
      Experience

      23 years

  • Previous employment history

    Octagon Analytics

    1. Adrian Cloake

      Position

      Group CIO

    2.  
      Nationality

      British

    3.  
      Experience

      19 years

  • Previous employment history

    Arthur Andersen Corporate Finance

    1. Hitesh Shah

      Position

      Managing Director

    2.  
      Nationality

      British

    3.  
      Experience

      15 years

  • Previous employment history

    Deloitte Corporate Finance Advisory

    1. Fernando Yanez

      Position

      Managing Director

    2.  
      Nationality

      Mexican

    3.  
      Experience

      16 years

  • Previous employment history

    JP Morgan, Sidley Austin, Basham

    1. Pier Paolo Radaelli

      Position

      Investment Director

    2.  
      Nationality

      Italian

    3.  
      Experience

      13 years

  • Previous employment history

    AnaCap, Oliver Wyman

    1. Farid Shavaksha

      Position

      Investment Director

    2.  
      Nationality

      British

    3.  
      Experience

      21 years

  • Previous employment history

    S&P, Morgan Stanley, Simmons Gainsford

    1. Nadya Aleshina

      Position

      Investment Manager

    2.  
      Nationality

      Russian

    3.  
      Experience

      15 years

  • Previous employment history

    S&P, UNICEF, EBRD, World Bank

    1. Adrien Tonnot

      Position

      Investment Manager

    2.  
      Nationality

      French

    3.  
      Experience

      11 years

  • Previous employment history

    Deloitte Corporate Finance

    1. Ilaria Vignozzi

      Position

      Investment Manager

    2.  
      Nationality

      Italian

    3.  
      Experience

      15 years

  • Previous employment history

    Intermonte Securities SIM Spa, S&P

    1. Luca Adinolfi

      Position

      Investment Associate

    2.  
      Nationality

      Italian

    3.  
      Experience

      4 years

  • Previous employment history

    Guber

    1. Samuel Burdell

      Position

      Investment Associate

    2.  
      Nationality

      British

    3.  
      Experience

      4 years

  • Previous employment history

    AgFe

    1. Thomas Hengstberger

      Position

      Investment Manager

    2.  
      Nationality

      Austrian

    3.  
      Experience

      8 years

  • Previous employment history

    Deloitte Capital Markets, Standard Bank

    1. Juskurran Hothi

      Position

      Investment Associate

    2.  
      Nationality

      British

    3.  
      Experience

      4 years

  • Previous employment history

    BlackRock

    1. Hans Christian Moller

      Position

      Investment Associate

    2.  
      Nationality

      Danish

    3.  
      Experience

      4 years

  • Previous employment history

    BlackRock

    1. Angel Tovar

      Position

      Portfolio Manager

    2.  
      Nationality

      Spanish

    3.  
      Experience

      16 years

  • Previous employment history

    BBVA,T-Systems (Deutsche Telekom)

    1. Gordon Watters

      Position

      Chief Risk Officer

    2.  
      Nationality

      British

    3.  
      Experience

      32 years

  • Previous employment history

    Ares Management, Barclays, Credit Lyonnais, Bank of Scotland

    1. Alison Swonnell

      Position

      Director of Fund Operations

    2.  
      Nationality

      British

    3.  
      Experience

      21 years

  • Previous employment history

    Insight Investment, Merrill Lynch, Mckinsey, Prudential

    1. Josephine Bennett

      Position

      General Counsel

    2.  
      Nationality

      British

    3.  
      Experience

      20 years

  • Previous employment history

    Henderson Global Investors, Kantor and Immerman

News & Research

Latest News

  • Reuters: Italian NPL framework to test rating agencies
    11/03/2016
    Reuters examines how questions over Italy’s NPL framework will place rating agencies at the centre of the scheme. LCM Partners was asked to comment: "The government has placed a lot of responsibility on the rating agencies. If the rating agencies get it wrong, they could potentially be subject to legal claims by the state. My opinion is that the agencies will have a very conservative approach when rating these transactions, some agencies may prefer to stay away. Because th...
    Read more View full article
  • Reuters: Italy’s small banks are being frozen out of NPL scheme
    03/03/2016
    Adrian Cloake, Chief Investment Officer at LCM Partners features in an article by Reuters that examines how Italy's small banks are being frozen out of the country's non-performing loans (NPLs) securitisation framework by high costs and complex rules. "In many cases it might prove to be more practical and just as good value to them to sell the loans in an auction to a specialist buyer who has a servicer - as long as they are realistic on what the valuation is. It's probably m...
    Read more View full article
  • LCM Partners wins at Private Debt Investor’s 2015 Awards
    01/03/2016
    LCM Partners is pleased to announce that it has won Private Debt Investor’s award for European Distressed Debt Manager of the Year. Now in their third year, the PDI Awards were established to give credit to the best...
    Read more
  • A genuine alternative – Alternative Credit interview
    06/01/2016
    Alison Swonnell, Director of Fund Operations at LCM Partners, explains why alternative credit, particularly private debt, should be increasingly appearing in pension funds’ portfolios as an extension to traditional fixed income products. View full article ...
    Read more View full interview
  • In the business of good ideas – Private Debt Investor interview
    01/12/2015
    LCM Partner’s CEO, Paul Burdell has seen and done a lot over his 30-something years in financial markets, not limited to pioneering the secondary market for bad consumer debt in the UK. This month he spoke to Private Debt Investor about the credit market, the history of LCM Partners and the successful funds it has raised to date. “Good ideas always get rewarded and most people don’t think about the people they are buying from. It is one of our strengths that we understand banks and we u...
    Read more View Paul Burdell interview
  • Wealth & Finance Magazine: LCM Partners honoured at 2015 Fund Awards
    22/10/2015
    LONDON - LCM Partners awarded ‘Best Specialist Fund Management Services – UK’ and ‘Best Credit Investor – Europe’ at Wealth & Finance magazine’s 2015 Fund Awards. The 2015 Wealth & Finance Fund Awards have been put in place to honour the global fund industry professionals charged with making multi-million-dollar decisions on behalf of their clients. From the most experienced administrators to the newest funds and firms on the scene, these awards honour the individuals a...
    Read more
  • Head of Specialty Finance at JP Morgan joins LCM Partners
    19/03/2015
    LONDON - LCM Partners (LCM), a leading European credit specialist, is pleased to announce that Fernando Yanez will be joining its investment management team in April as a Managing Director. Fernando is a qualified lawyer and an accomplished investment banker with over 17 years’ experience, most recently as Head of Specialty Finance and FIG M&A at JP Morgan (EMEA).  Fernando joined JP Morgan in 2005 and moved to London in 2009, building JP Morgan’s Specialty Finance unit to be one...
    Read more
  • Senior industry practitioners join LCM Partners from Standard & Poor’s
    14/01/2015
    London - LCM Partners (LCM), is pleased to announce that it has hired two new Directors from S&P to join its consulting team. Ilaria Vignozzi and Nadya Aleshina have both started at LCM this month. Ilaria is a senior analyst with 11 years’ experience in credit markets. She spent the last eight years covering securitisation and structured finance markets at Standard and Poor’s (S&P) Ratings Services. Prior to that, Ilaria worked for three years in the Financial Institutions Group w...
    Read more
  • Financial News: Credit fund targets €1.5 billion amid bank deleveraging
    03/09/2014
    London – Credit specialist LCM Partners is aiming to raise €1.5 billion for a new European credit opportunities fund that aims to take advantage of the ongoing disposal of non-core assets by the region’s banks. The firm, which has advised the European Central Bank on its effort to improve the transparency of Europe’s asset-backed securities market since 2009, held a first close of the fund this summer. The LCM Credit Opportunities Fund secured a cornerstone commitment of €350 mi...
    Read more
  • LCM Partners wins European Central Bank tender
    20/12/2013
    LONDON - LCM Partners Limited (LCM) is pleased to announce today that it has won a tender from the European Central Bank (ECB). LCM will provide advisory services on the second phase of the Asset Backed Securities (ABS) Loan Level Initiative, an ECB initiative that has the primary goal of restoring investor confidence in the European ABS market. LCM has been working with the ECB since 2009 and will continue to provide advisory services on this program extending its contract until 2017. LCM w...
    Read more View full article
  • European DataWarehouse Wins “Best Industry Infrastructure Initiative”
    14/12/2012
    London, UK and Frankfurt, Germany - European DataWarehouse has announced its recognition as the “Best Industry Infrastructure Initiative” in the Banking Technology Awards 2012. European DataWarehouse will be the most comprehensive centralised data repository for Asset Backed Securities in Europe. It provides the means to collect and distribute more timely information on the underlying loans and their performance to market participants on more transactions and across more asset classes th...
    Read more
  • Asset Securitization Report’s August issue cover story looks at development of the...
    22/11/2012
    Scheduled to launch later this year, the European DataWarehouse will, for the first time, house loan-level data on a wide range of loans backing the region's ABS. The European Central Bank is the information repository's biggest client and champion. In this month's cover story, Felipe Ossa looks at the hows and whys of the new project. "Although the American mortgage sector is more advanced in providing this type of data to investors, the Europeans have been able to demonstrate how re...
    Read more View full report

Awards

Our excellence in fund management has been recognised through a number of prestigious awards and nominations.

Won

  • Private Debt Investor Awards 2015: 'Distressed Debt Manager of the Year, Europe'

  • 2015 Finance Awards: 'Best for Specialist Fund Services'

  • Wealth & Finance Magazine Awards 2015: 'Best Credit Investor - Europe'

  • Acquisition International : 'Private Debt Fund Manager 2015 - CEO of the Year'

    Paul Burdell, LCM Partners Ltd

Shortlisted

  • Chief Investment Officer Innovation Awards 2016: 'Asset Management - Illiquid Assets'

  • European Pensions Awards 2016: 'Alternatives Investment Manager of the Year'

  • Alt Credit Intelligence Awards Europe 2015: 'Credit Specialist'

Contact us

LCM Partners
The Peak
5 Wilton Road London, SW1V 1AN

Phone:
+44 (0)20 3457 5050

Email: info@lcmpartners.eu

Careers

Join a world class team.

At LCM Partners, we are always looking to hire and develop talented professionals who want an environment where they can be creative, ambitious and have a real impact.

Our expertise in credit management and commitment to excellence are why we are regarded as pioneers in our industry.

If you enjoy being challenged, refuse to accept the status quo and want a rewarding, exciting career, then we want to hear from you. Please send your curriculum vitae and covering letter to careers@lcmpartners.eu