Siguler Guff, a multi-strategy private equity investment firm with over USD14 billion of assets under management, has added Ray Miller and Prashant Rai to its credit investment platform.
Miller and Rai will work closely with the broader Siguler Guff credit team under the leadership of Michael Apfel, who joined the Firm as a Managing Director and Head of Credit in December 2019. Siguler Guff’s credit-related strategies include special situations, distressed, and other niche credit strategies.
Siguler Guff’s credit platform has raised over $7 billion of committed capital, and has been investing in opportunistic credit-related strategies for approximately 20 years, realizing attractive risk-adjusted returns for its clients across multiple economic cycles.
Apfel says: “We see significant opportunities for our credit- related strategies given the enormous dislocation that is reshaping many industries as corporate debt levels rise and EBITDA declines. We are, therefore, pleased to welcome Ray Miller and Prashant Rai to the firm, each of whom bring differentiated credit expertise that will be highly additive to the firm and our investors. Over the last several months, Siguler Guff has continued to expand its credit-related investment platform and we are well situated, with extraordinary resources, to evaluate and execute on a host of attractive investments spread across our focused strategies. This includes esoteric and overlooked opportunities within the credit universe.”
Drew Guff, Managing Director and Founding Partner of Siguler Guff, says: “We believe this is a moment in time to further build and leverage our global, integrated credit platform. Our firm is well positioned to source and execute attractive investment opportunities. The expertise of our professionals and our long-standing track record of investing through multiple economic cycles and within diversified credit strategies over the past two decades is compelling.”
