Mill Hill Capital (Mill Hill) has appointed Nick Pepe, a 13 year veteran of Citigroup’s Global Securitised Markets Division, as Partner, Managing Director, Head of Business Development and Head of Investor Relations. Pepe will start with Mill Hill in September 2018.
Mill Hill is based in New York and focuses on market-neutral relative value investments in US Credit and navigates in both corporate and securitised markets. The company, an investment adviser to private investment vehicles, was founded in 2015.
As the Head of Business Development, Pepe will be focused on participating in the creation of new funds, discussing new opportunities with investors, including co-investment opportunities, and contributing to the execution of the fund’s investment strategy and the generation of investment ideas. As Head of Investor Relations, Pepe will focus on maintaining and strengthening existing client relationships, as well as seeking out new prospective investors and explaining Mill Hill’s strategies.
At Citigroup, Pepe was a senior member of Global Securitized Markets, where he specialised in transactions involving fixed income securities and derivatives with Citigroup’s top institutional clients, primarily hedge funds, money managers, REITs and private equity funds. Pepe’s primary focus was on complex securitised products, including non-agency residential mortgage-backed securities (RMBS), commercial mortgage-backed securities (CMBS), asset-backed securities (ABS), collateralised loan obligations (CLO), collateralised debt obligations (CDO), esoteric ABS, and consumer and residential whole loans in the US and abroad. In addition, Pepe worked with clients to create customised financing solutions, including warehouse facilities and structured repurchase agreements. He also assisted clients with select hedging strategies and solutions using synthetic indices, single name credit default swaps, derivatives, and interest rate swaps.
David Meneret, Mill Hill’s Founder and CIO, says: “I have known Nick for more than a decade and he is a familiar asset to the entire Mill Hill team. I have worked closely with him in the credit space, in both corporate and securitized markets. In his time at Citigroup, he has become a credit markets expert and he has formed deep and long standing relationships with the institutional investor community, which will be invaluable as Mill Hill takes the next step in its institutional growth.”
Pepe says: “I am excited for the opportunity to join an exceptionally talented team at a rapidly growing firm with an innovative investment strategy.”
Meneret adds: “I would also like to pay tribute to David Modiano, our departing Head of Business Development and Investor Relations. He has been with us since 2016 and was instrumental to the growth of the company.”
