Axa Private Equity has appointed a new co-head of its private debt business, which is looking to raise an extra €500m for its latest fund on the back of an expected increase in investment opportunities.

Axa has appointed Olivier Berment as co-head of the private debt business - which provides mezzanine and a blend of senior and subordinated debt known as unitranche to businesses across Europe - alongside Cécile Mayer-Lévi.