Arini Capital Management

Hamza Lemssouguer, the Founder and Chief Investment Officer, has sole discretion over portfolio construction and risk appetite. Prior to founding Arini in 2022, he ran Credit Suisse's global credit trading desk and was a member of the bank's global markets executive committee. His reputation was forged trading through the Archegos Capital and Greensill Capital collapses in 2021.

Arini operates a multi-strategy credit platform covering structured credit, stressed and distressed corporate debt, direct lending, and special situations. The firm combines hedge-fund-style trading alerts with private credit underwriting, targeting dislocations where European regulatory pressure forces banks and open-ended funds to sell illiquid positions. The strategy's drawdown structure with hard lock-ups allows multi-year hold periods.

Arini operates as a hybrid. Its trading velocity and multi-strategy posture resemble a hedge fund, but its drawdown fund structure, hard lock-up periods, and capacity to hold positions through illiquidity cycles borrow from private credit architecture. The firm's official communications describe it as a credit investment firm without cleanly categorizing into either bucket.

Hamza Lemssouguer worked at Credit Suisse from 2012 to 2022, rising to head of global credit trading. Following his departure, several Credit Suisse alumni joined Arini as founding portfolio managers and traders. The initial $3.3 billion fundraise included commitments from former Credit Suisse colleagues and credit-market peers, giving the firm an unusual insider-LP base (per Bloomberg, June 2022).

The firm primarily executes direct credit investments across its structured credit, distressed, and direct lending strategies rather than committing to third-party funds. Arini's capital base is deployed directly into securities and bespoke credit instruments. Its second fund raise in January 2024 attracted institutional investors including sovereign wealth funds and pensions (per Bloomberg, January 2024).

Arini does not publish a formal exclusion list. By mandate, the firm concentrates on European structured credit, corporate debt, and special situations. This implies limited exposure to pure equity, macro, or US-centric strategies unless a specific dislocation creates pricing anomalies that the European team can underwrite.

Arini Capital Management is authorized and regulated by the UK Financial Conduct Authority as a full-scope UK AIFM. The US entity — Arini Capital Management US LLC — operates as a registered investment adviser, reflecting the firm's management of US-sourced LP capital and its opportunistic US credit market activity.