CR Investment Management has appointed Stéphane Adolf as managing director of special situations and mid-market lending activities. 
Adolf will lead a team targeting European commercial real estate that it believes is under-served as traditional lenders cut back their exposure to the market.
Its mid-lending arm will focus on loans ranging from €5m (£4.3m) to €50m, while special situations will focus on complex facilities ranging from €25m to €100m.
Jacob Lyons, managing director and founding partner of CR, said that there has been a lack of debt financing for non-prime assets since the global financial crisis.
He added: “CR sees this as an opportunity to combine its expertise in sourcing and robust credit underwriting to selectively provide financing on an opportunistic risk-adjusted basis, across two distinct strategies. We are delighted to have someone of Stéphane’s calibre to take that business forward.”
This follows the pan-European property advisor’s appointment of long-time Citi banker Stuart Hoare as managing director of capital advisory services in July.
From July: Stuart Hoare joins CR Investment Management
