Intermediate Capital Group has announced the appointment of Peter Lockhead as a managing director in its direct lending team with effect from June 1, 2017. Reporting to Max Mitchell, Head of Direct Lending, this is a new position to reflect both the growth in AUM within ICG's direct lending strategy and ongoing market opportunities. Joining ICG from Avenue Capital where he was Portfolio Manager and Head of Direct Lending since 2012.At ICG, he will be responsible for identifying, analyzing and executing investment opportunities for the European direct lending business, which funds have successfully deployed over Euro 4 billion of capital since inception in 2013. Prior to joining Avenue Capital in 2012, Mr. Lockhead was Head of Sponsor Leveraged Finance EMEA at Bank of America Merrill Lynch, having first joined their leveraged finance division in 2005. He also spent five years in Barclays Capital Leveraged Finance team, having started his career with National Westminster Bank in 1991.