Pemberton Asset Management has appointed Tradeteq co-founder Nils Behling as managing director and chief operating officer of its working capital division, as well as COO of inventory finance platform Invensa.
London-based Behling joins Pemberton, a private credit manager with US$28bn in assets under management, after more than nine years as chief operating officer at Tradeteq.
Tradeteq, which specialises in trade finance asset distribution and securitisation, was co-founded by Behling and Christoph Gugelmann in 2016 and acquired by Silver Birch in May this year. Prior to founding Tradeteq, Behling held roles at Gemcorp, Trafigura and Merrill Lynch.
As chief operating officer for Pemberton’s Working Capital Solutions division, Behling is tasked with helping the platform scale responsibly, strengthening its operational resilience and delivering infrastructure to underpin sustainable long-term growth, the company says.
Launched in 2019, Working Capital Solutions focuses on the short-term financing needs of medium-sized and large corporates, and today manages around US$2bn in assets.
Invensa, a joint venture between Pemberton and Santander, was unveiled late last year as an innovative inventory finance platform targeted at multinational corporates, bringing together expertise from both firms with a standalone structure, board and technology platform.
Santander global trade and working capital head Enrique Rico told GTR in April that the timing of Invensa’s launch “could not have been better” as tariffs and trade disruption prompts clients to bolster the resilience of their supply chains.
Pemberton says the response from potential clients “has been overwhelming, leading to a strong pipeline and imminent transactions”.
“Private credit continues to grow, offering attractive opportunities to investors across a range of strategies,” Behling tells GTR.
“Our investment in technology and focus on strong governance are key to supporting our growth journey for both, our Working Capital Solutions strategy and Invensa.
“By combining institutional credit expertise with state-of-the-art technology, we are creating solutions that strengthen global supply chains and foster long-term growth.”
