London-based asset manager Federated Hermes has appointed Carlos Gross as Head of European Credit Opportunities in the Private Credit team. Based in London, Carlos will report into Patrick Marshall, CIO and Head of Private Credit.
In this newly-created role, Gross will be responsible for leading Federated Hermes Private Credit’s credit opportunities strategies in Europe, expanding the firm’s private credit offering to address a broader range of investor risk‑return objectives through selective, downside‑focused credit solutions across Europe.
The strategies will focus on sourcing, structuring and investing in loan solutions for European companies navigating complex capital needs or market dislocations, supported by rigorous underwriting standards and a focus on capital preservation across the cycle.
He brings more than 15 years of experience in European credit markets. He joins Federated Hermes from Benefit Street Partners, formerly known as Alcentra, where he served as Executive Director in the alternative fixed income asset manager’s Special Situations Group.
Earlier in his career, he held roles at Stellex Capital Management, a private equity firm focused on distressed and special situations, Evercore in its Special Situations Group, and Bank of America Merrill Lynch’s Financial Institutions Group. Gross holds degrees in Law and Business Administration (Finance) from Universidad Pontificia Comillas (ICADE) in Spain.
Patrick Marshall, CIO and Head of Private Credit, Federated Hermes said: “We are pleased to welcome Carlos, who brings an impressive skill set in the credit opportunities area. His arrival comes at a time when we are strengthening our Private Credit platform amid a rapidly evolving asset class, where investors are placing increased emphasis on selectivity, disciplined underwriting and transparency.
“Today’s appointment supports our future growth by strengthening our ability to meet client demand for strategies with differentiated risk and return profiles that complement their existing portfolios.”
