Decoding Distress: Private Credit Strategies for a Changing Europe
In the first of this two-part series featured in Alternative Credit Investor, Arrow Global CEO and CIO Zach Lewy examines how structural shifts and enduring fragmentation are reshaping opportunity across European private credit and real estate markets.
Far from viewing dislocation as a passing phase, Zach outlines a strategy anchored in local presence, operational depth, and the ability to resolve complex assets. With markets diverging across jurisdictions, the article explores why understanding fragmentation, rather than chasing volatility, is key to unlocking durable returns in a slower, more nuanced investment landscape.
“We are not chasing volatility but building portfolios that can endure across cycles.”
Read the full article here
Zach Lewy
CEO, CIO, Fund Principal
Zach has more than 25 years of executive experience in investment management and asset servicing. He founded Arrow Global in 2005 and has since led the business as Group CEO and CIO, transforming it into a leading Pan-European investment manager specialising in private credit and real estate. Under Zach’s leadership, Arrow manages more than €110 billion of serviced assets across Western Europe and generates alpha across alternative asset classes, including opportunistic credit, real estate, and lending.
Zach has supervised over 3,000 deals at Arrow and plays a key role as lead Principal in Arrow’s fund manager. Prior to founding Arrow, he was an Officer of Sallie Mae, a Director at Vertex (the BPO division of United Utilities), and a Founder and Executive Director of 7C (a U.K. BPO company acquired by Vertex). He has also served as Chair of the U.K. Debt Buyers Association and the Chair of SCOR. In 2010, he was named an Ernst and Young Entrepreneur of the Year.
Zach graduated from Princeton University with a BA in Economics with Honours and a Certificate in Applied and Computational Mathematics with Honours.