The Public Sector Pension Investment Board (PSP Investments) has formed PSP Investments Holding USA in New York to focus on principal debt and credit investments led by industry veteran David Scudellari.
Scudellari has also been appointed as Senior Vice President, Head of Principal Debt and Credit Investments of PSP Investments.
"The leveraged finance landscape is currently in transition. With traditional capital providers having lost significant market share in the last few years, there is an attractive opportunity for a long-term investor such as PSP Investments to enter this trillion-dollar plus asset class through its US affiliate," says André Bourbonnais (pictured), President and CEO of PSP Investments. "Given David's strong track-record and exceptional credentials, he is the perfect person to build PSP Investments Holding USA's presence in the more illiquid and alternative debt securities. David and his team will be based in New York —a core talent and transaction center in the private debt market and the first step in making PSP Investments a truly global pension investment manager with a local presence in select international markets.”
"I am looking forward to sharing my expertise and extensive network of contacts to grow this new private debt asset class. PSP Investments Holding USA will have in place a team with the skills and capabilities to make significant, direct loans and otherwise participate in the private debt market. With the scale of the anticipated capital deployment and PSP Investments Holding USA's long term horizon, we will have a unique investor profile in the leveraged finance landscape," says David Scudellari.
