MatlinPatterson

Palistar Capital Adds TMT Special Situations Veteran Carras Holmstead as Investment Partner

Retrieved on: 
Wednesday, June 7, 2023
Rhône, Stanford University, PGIM, TMT, MBA, Brigham Young University, Fixed income, Investment, Carras, EY-Parthenon, UBS, MatlinPatterson, Credit Solutions of America, BA, Asset management, Security (finance)

NEW YORK, June 7, 2023 /PRNewswire/ -- Palistar Capital LP ("Palistar"), an alternative asset manager focused on mission-critical communications and digital infrastructure, today announced the appointment of Carras Holmstead as a partner on the firm's investment team.

Key Points: 
  • NEW YORK, June 7, 2023 /PRNewswire/ -- Palistar Capital LP ("Palistar"), an alternative asset manager focused on mission-critical communications and digital infrastructure, today announced the appointment of Carras Holmstead as a partner on the firm's investment team.
  • Mr. Holmstead has 20 years of experience in finance, primarily as a special situations investor.
  • Omar Jaffrey, Founder and Managing Partner of Palistar, said, "We are delighted to have Carras join the Palistar team.
  • Prior to Melody Capital Partners, Mr. Holmstead was a Managing Director at Stone Lion Capital, a $1.5 billion asset manager.

Argosy Capital Appoints Sherry Gao as Chief Financial Officer and Announces Sarah Roth as Chief Executive Officer

Retrieved on: 
Tuesday, April 25, 2023
Partnership, Accounting, Partner, MatlinPatterson, CFO, Stargate Project, III, Management, Argosy

WAYNE, Pa., April 25, 2023 /PRNewswire/ -- Argosy Capital Group, Inc. ("Argosy"), a lower middle market private investment firm, today announced that Sherry Gao has joined the team as Chief Financial Officer.

Key Points: 
  • WAYNE, Pa., April 25, 2023 /PRNewswire/ -- Argosy Capital Group, Inc. ("Argosy"), a lower middle market private investment firm, today announced that Sherry Gao has joined the team as Chief Financial Officer.
  • Reporting to Sarah Roth, Argosy's Chief Executive Officer, Ms. Gao will lead the firm's finance, accounting, and treasury functions.
  • Ms. Gao joins Argosy from Centre Lane Partners, where she was Chief Financial Officer.
  • "We are pleased to welcome Sherry to Argosy," said Ms. Roth, CEO of Argosy.

Keystone Agency Investors Deepens Reach in Michigan with Equity Partnership of Mason McBride, Inc.

Retrieved on: 
Tuesday, July 27, 2021
Professional services, Insurance, Finance, Finance, Money, Financial markets, Economy, Corporate finance, Investment, Private equity, Insurance, Financial services, MatlinPatterson

Keystone Agency Investors (KAI), a private equity backed investment firm that is a majority owner of independent insurance agencies, today announced the equity partnership with Mason McBride, Inc. , an independent insurance and risk management company offering personal, commercial and employee benefits, based in Troy, Michigan.

Key Points: 
  • Keystone Agency Investors (KAI), a private equity backed investment firm that is a majority owner of independent insurance agencies, today announced the equity partnership with Mason McBride, Inc. , an independent insurance and risk management company offering personal, commercial and employee benefits, based in Troy, Michigan.
  • Promoting a client-focused and solution-oriented approach, Mason McBride, Inc. serves its clients with holistic risk management and financial services strategies.
  • Mason McBride, Inc., is an independent insurance agency in Troy, Michigan serving all of Michigan, the Great Lakes Region, and beyond.
  • Keystone Agency Investors (KAI) is a private equity backed investment firm that is a majority owner of independent insurance agencies.

Mercury Capital Advisors Announces Four Senior Hires for Distribution Team

Retrieved on: 
Wednesday, July 21, 2021
Consulting, Other Professional Services, Professional services, Finance, Finance, Investment, Avenue Capital Group, Virtus Investment Partners, MatlinPatterson

Mercury Capital Advisors today announced that it has added four senior professionals to amplify distribution efforts for the firm.

Key Points: 
  • Mercury Capital Advisors today announced that it has added four senior professionals to amplify distribution efforts for the firm.
  • These four new team members bring decades of invaluable industry experience across institutional asset raising, investor relations and client solutions.
  • Ms. Cohen was previously Senior Managing Director at Avenue Capital Group, a $9B investment management firm specializing in credit, special situations and distressed investments.
  • Mercury Capital Advisors is a leading global private fund and investment advisory firm.

Clene Appoints David J. Matlin as Chairman of the Board

Retrieved on: 
Wednesday, May 19, 2021
Chemistry, Physical sciences, Natural sciences, MatlinPatterson, Zinc

Matlin is the Chief Executive Officer of MatlinPatterson Global Advisers, a global private equity firm he co-founded in 2002.

Key Points: 
  • Matlin is the Chief Executive Officer of MatlinPatterson Global Advisers, a global private equity firm he co-founded in 2002.
  • Mr. Matlin holds a JD from the University of California at Los Angeles and a BS in Economics from the Wharton School of the University of Pennsylvania.\n\xe2\x80\x9cWe are honored to have David lead our Board as Chairman,\xe2\x80\x9d stated Rob Etherington, President and CEO of Clene.
  • Matlin commented, \xe2\x80\x9cIt is an honor to serve as Chairman of Clene\xe2\x80\x99s Board during this exciting time of growth for the company.
  • Clene has also advanced into the clinic an aqueous solution of ionic zinc and silver for anti-viral and anti-microbial uses.

PennantPark Closes on Fourth Dedicated Investment Vehicle in Opportunistic Credit Strategy

Retrieved on: 
Tuesday, January 26, 2021
Finance, Money, Financial services, Credit, Banking, Financial law, Private credit, Financial risk, MatlinPatterson

NEW YORK, Jan. 26, 2021 (GLOBE NEWSWIRE) -- PennantPark Investment Advisers, LLC (PennantPark) today announced the successful closing of the PennantPark Credit Opportunities Fund III, LP (PCOF III), marking another meaningful step forward in the growth of the firms middle market private credit investment business.

Key Points: 
  • NEW YORK, Jan. 26, 2021 (GLOBE NEWSWIRE) -- PennantPark Investment Advisers, LLC (PennantPark) today announced the successful closing of the PennantPark Credit Opportunities Fund III, LP (PCOF III), marking another meaningful step forward in the growth of the firms middle market private credit investment business.
  • PCOF III represents the fourth dedicated investment vehicle in PennantParks Opportunistic Credit strategy, primarily focusing on higher-yielding senior secured first lien loans, second lien loans, mezzanine debt, and equity co-investments to U.S. companies with an emphasis on offering attractive risk-adjusted returns.
  • Private credit investments provide consistent absolute returns in a low-yield environment while also capitalizing on attractive opportunities during times of market volatility.
  • PennantParks Opportunistic Credit strategy is designed to capitalize on middle market credit opportunities utilizing fundamental credit analysis and deep industry expertise.

400 Capital Management LLC Closes Private Credit Fund With $430 Million

Retrieved on: 
Wednesday, December 9, 2020
Banking, Other Professional Services, Professional services, Finance, Finance, Investment, MatlinPatterson, Virtus Investment Partners

400 Capital Management LLC, an alternative credit asset manager specializing in structured credit with over $4.4 billion of capital under management, today announced the final close of its Asset Based Term Fund II (ABTF II).

Key Points: 
  • 400 Capital Management LLC, an alternative credit asset manager specializing in structured credit with over $4.4 billion of capital under management, today announced the final close of its Asset Based Term Fund II (ABTF II).
  • The Fund, launched in June 2019, was oversubscribed with more than $430 million, above its $400 million target.
  • There continues to be demand for patient, private capital to support regulatory capital, risk-sharing, balance sheet management, product development and dislocated markets.
  • About 400 Capital Management LLC:
    400 Capital Management LLC is an employee-owned alternative credit asset manager led by four partners with over three decades of trading, investment and risk management experience in credit and securitized credit markets with an established record of investment success through multiple market cycles.

First Eagle Investment Management Launches Alternative Credit Interval Fund

Retrieved on: 
Wednesday, December 2, 2020
Banking, Other Professional Services, Professional services, Finance, Finance, First Eagle Investment Management, Investment, Alternative investment management companies, Private equity, Virtus Investment Partners, MatlinPatterson

First Eagle Investment Management, LLC (First Eagle) today announced the launch of the First Eagle Credit Opportunities Fund (A-Share Class: FECAX, I-Share Class: FECRX).

Key Points: 
  • First Eagle Investment Management, LLC (First Eagle) today announced the launch of the First Eagle Credit Opportunities Fund (A-Share Class: FECAX, I-Share Class: FECRX).
  • The interval fund structure enables us to broadly offer retail investors access to the credit capabilities of First Eagle Alternative Credit, an institutional platform with decades of experience across multiple market cycles.
  • First Eagle Investment Management is an independent, privately owned investment management firm headquartered in New York with approximately $101 billion in assets under management as of September 30, 2020.
  • An investment in the First Eagle Credit Opportunities Fund (the Fund) involves a number of significant risks.

400 Capital Management LLC Hires Carmel Partners’ Quinn Barton

Retrieved on: 
Tuesday, November 24, 2020
Banking, Professional services, Finance, Financial markets, Commercial mortgage-backed security, Mortgage-backed security, Structured finance, Finance, Investment, MatlinPatterson, Commercial Mortgage Securities Association

400 Capital Management LLC (400CM), a $4.4 billion leading alternative credit asset manager, has hired Quinn R. Barton III to expand its investments in commercial real estate finance.

Key Points: 
  • 400 Capital Management LLC (400CM), a $4.4 billion leading alternative credit asset manager, has hired Quinn R. Barton III to expand its investments in commercial real estate finance.
  • Mr. Barton, formerly a Managing Partner at Carmel Partners, is joining 400CM as a Senior Portfolio Manager of CRE and CMBS focusing on originating, structuring and trading all performing and non-performing CRE-related loans and securities.
  • The universe of distressed real estate assets has ballooned during the COVID-19 pandemic, said Mr. Barton.
  • 400 Capital Management LLC is an employee-owned firm led by four partners with over three decades of trading, investment and risk management experience in the credit and securitized credit markets coupled with an established record of investment success through multiple market cycles.

SVPGlobal Broadens Leadership Team as Firm Scales Its Capabilities

Retrieved on: 
Friday, October 23, 2020
Finance, Money, Corporate finance, Investment, Private equity, Distressed securities, MatlinPatterson

Having worked with the SVPGlobal team initially on a consultative basis, she is already deeply integrated across the firm.

Key Points: 
  • Having worked with the SVPGlobal team initially on a consultative basis, she is already deeply integrated across the firm.
  • She will work closely with the Management Council to continue to build the firm's talent and deepen its capabilities.
  • Victor Khosla, SVPGlobal's Founder and Chief Investment Officer, said:
    "We are proud that Ranji and Sarah have joined SVPGlobal's senior leadership team.
  • SVPGlobal is a global investment firm focused on distressed debt and private equity opportunities with $9.8 billion in assets under management.