Investcorp, a global provider and manager of alternative investment products, has appointed David Moffitt as Co-Head of the company’s US Credit Management business. Moffitt will be based in New York and report to Jeremy Ghose, Global Head of Investcorp Credit Management.
Moffitt brings to Investcorp more than 20 years of experience in credit investing and asset management. Most recently, he was Partner and Head of Tactical Investment Opportunities and CLO Management at LibreMax Capital, President of Trimaran Advisors, the CLO management platform of LibreMax; and President of CAVU Investment Partners LLC in New York. In these roles, David was responsible for sourcing and executing tactical opportunity investments and originating and structuring bespoke credit investment vehicles. Prior to joining LibreMax, David served as a Partner and Managing Director at JC Flowers & Co where he was a Founding Partner and Head of JC Flowers Asset Management. Earlier in his career, David held structured products investing roles at Morgan Stanley, Merrill Lynch, and RBS.
Jeremy Ghose, Global Head of Investcorp Credit Management, says: “David is a great addition to our team, bringing more than 20 years of experience in credit investing and asset management with a proven track record of success across cycles. He has a deep understanding of our products and we look forward to benefitting from his leadership as we continue to serve our clients and grow our credit business.”
Moffitt says: “I have long admired Investcorp’s growth and success and I am excited to work alongside Jeremy and the talented team to enhance their strong credit platform. I believe that Investcorp is well-positioned to capitalise on a growing set of opportunities to deliver attractive fixed income products to clients while prudently managing risk.”
David succeeds Jim Feeley, who has decided to step down from his position to pursue other interests.
Ghose adds: “We thank Jim for his contributions and we wish him well in his future endeavours.”
