Industry News
The firm will acquire 100% of the credit manager in a deal that expands its offerings into the high-yield bond and leveraged loan markets.
The previous executive director resigned in February.
The plan made five commitments in closed session and added a senior portfolio manager.
The current CEO will stay on as a portfolio manager on the multi-sector bond team.
Pair will retain existing responsibilities in addition to the new roles.
He will focus on the performance and expansion of Pretium’s single-family rental vehicles.
The firm added a co-head of its investment-operating team in North America.
An updated study from the Knight Foundation shows assets managed by women- and minority-owned firms remains virtually the same as 10 years ago despite no difference in performance.
Healthcare investment firm OrbiMed has promoted two team members to general partner, the firm announced.