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Avoca recruits structured credit head for growing credit arm

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Avoca Capital, the €6 billion Dublin-based credit manager, has appointed Vaibhav Piplapure as head of structured and illiquid credit.

Piplapure joins from Credit Suisse, where he was most recently head of European asset finance within the securitised products group. He was previously head of the firm’s credit solutions group.

At Avoca, Piplapure will initially focus on managing allocations to structured credit from Avoca’s €500 million Credit Opportunities Fund. The firm also expects to set up new funds for him to manage in the short term.

“We believe that the European credit environment is undergoing profound long-term change, primarily