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Goldman Sachs reshuffles senior private credit staff

Goldman Sachs Group Inc.’s is reshuffling senior executives in its private credit unit in order to double the size of the business in the medium term, according to a report by Bloomberg. The company’s private credit unit is worth $110bn.

H.I.G expands Capital Formation Team

H.I.G. Capital, a global alternative investment firm with $59bn of equity capital under management, has announced that Jenny Nelson, Jennie Park, and Joe Tremblay have joined the firm’s Capital Formation Group. Nelson and Tremblay will join as Managing Directors, based in California, and Park has joined as a Principal, based

SMBC appoints APAC private credit distribution head

Sumitomo Mitsui Banking Corporation has expanded its private credit business in Asia with the hire of Yew Chuan Sima former Nomura executive. He will join SMBC’s loan capital markets department as head of private credit distribution, Asia Pacific, according to a statement.

Pennsylvania school pension schemes loses four from PE team

The Pennsylvania Public School Employees’ Retirement System, one of the biggest US public pension schemes, has lost most of its private equity team after the fund made changes that hindered the group’s ability to make allocations to the asset class, according to a report by Bloomberg.

CAIA names new President

The board of directors of the Chartered Alternative Investment Analyst Association, the global professional body for the alternative investment industry, has unanimously elected John L Bowman as its President, effective from the beginning of 2024.

Pritzker Private Capital promotes two to Partner

Pritzker Private Capital, a private investment firm focused on middle-market companies in North America operating in the manufactured products and services sectors, has promoted Anthony Cardona and Thomas Chadwick to Investment Partner, effective 1 January 1, 2024.

InTandem Capital adds to investment team

InTandem Capital Partners, a private investment firm focused on growth investments in the healthcare services sector, has added to its investment team with the appointment of Mehran Ahmed as a Partner.

AllianceBernstein launches NAV lending strategy

AllianceBernstein has launched AB NAV Lending, a new strategy which will focus on providing flexible financing solutions based on the net asset value of private equity funds, with an initial anchor investment from Equitable Holdings.

Jolt Capital adds Strategic Advisor

Jolt Capital, an independent management company specialising in growth investment in European deeptech, has appointed Rolf Kjærgaard, former CEO of Danish sovereign wealth fund EIFO (formerly Vækstfonden), as a strategic advisor.

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