Global Infrastructure Partners (GIP) has bolstered its growing European infrastructure credit team with the hire of Vincent Pang from Evercore.

Pang joined GIP as a vice president based in London, said sources familiar with the situation. He left Evercore after over seven years at the firm, most recently also as a vice president, focusing on infrastructure and energy debt advisory mandates.

The new hire comes shortly after GIP added Conor Rochford from PJT Partners as a managing director in London. Rochford co-heads the European credit team together with Hamed Khodabakhsh, who joined in 2022 from Apollo Global Management.

Pang will bring expertise in regulated utilities, transport and digital infrastructure, having worked on recent deals in water, natural gas, ports and telecoms towers at Evercore.

GIP, which is set to be taken over by BlackRock in a USD 12.5bn deal agreed in January, targets credit deals ranging from senior debt to preferred equity, with high return targets.

The US infrastructure investor has two main infrastructure credit strategies – the GIP Spectrum funds targeting BB to B rated assets and aiming to generate around 8%-10% returns, and the GIP Capital Solutions (CAPS) funds with a higher return target from deals in the B rating region.

The manager reached final close on its latest vehicles in 2020, with GIP CAPS II raising USD 1.4bn and GIP Spectrum collecting USD 1.4bn.

Most of the deals disclosed by the funds have focused on the Americas. GIP Spectrum has made one known investment in Europe to date, providing an EUR 450m holdco debt tranche to Italian toll road concession Superstrada Pedemontana Veneta.

The latest deal announced by GIP for the CAPS II fund was a USD 450m term loan for US data centre operator Vantage Data Centers in September 2023.

With Spectrum fully deployed and CAPS II around 64% invested, according to Infralogic data, last November GIP registered their successors, CAPS III and Spectrum II, ahead of their launch.

GIP declined to comment.