Energy and commodities specialist Denham Capital Management has established a London office, hiring Louis van Pletsen as managing director for the office.
Denham is the latest US firm to set up an office in London. Its rival Riverstone set up an office in London in September, recruiting the former chief executive of oil giant BP, Lord Browne of Madingley, to lead its newly formed European operations.
Van Pletsen will source deals across Europe, Russia, Asia, the Middle East and Africa.
Since 2004 van Pletsen has worked as managing director of global markets and head of the international energy group at the Japanese bank Nomura International. He was responsible for marketing structured finance and asset finance to the energy and commodities sectors.
Before this he worked at global bank Credit Suisse in European utilities. From 1993 to 1997, he was head of international business development at South African electricity company Eskom.
Denham was founded by Stu Porter, formerly of the university investment trust Harvard Management Company. The firm was mainly backed by Harvard for many years but it is now diversifying its investor base. It currently has $2.3 billion (€1.6 billion) under management.