He will work on business development and capital formation activities across the firm’s investment strategies.
The new hire is responsible for the firm’s deal sourcing team and business development strategy for new platforms and add-on acquisitions.
He will build out the firm’s investment capabilities around social change and the longevity economy, the firm said.
The Fund received strong support from a global investor base comprised of a broad cross section of new institutional and high-net-worth investors as well as existing Shenkman clients, the firm said.
The new hire will support the group’s growing client base.
They will help build on the firm’s existing client relationships by offering bottom-up fixed-income investment solutions.
The transaction is expected to close in the third quarter.
The group is searching for ways to help private equity firms fully realize their growth potential.
They will focus on sourcing opportunities, deal underwriting and portfolio management.
The current ceo will stay on as an advisor until the end of the year.