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DE Shaw expands distressed private equity investment team

Alternative investment management group DE Shaw has announced an expansion of its private equity activities with the recruitment of David Lyon to work alongside Patrick Collins, the senior

Alternative investment management group DE Shaw has announced an expansion of its private equity activities with the recruitment of David Lyon to work alongside Patrick Collins, the senior vice-president who heads the firm’s special situations/distressed private equity team.

The group is focused on making significant private equity investments in financially distressed companies, providing capital for corporate turnarounds, and addressing investment opportunities arising from the bankruptcy process.

Collins joined DE Shaw last November from Mizuho International, where he was a portfolio manager and head of a London-based global special situations and distressed investment team. He previously held various positions at Merrill Lynch, including the head of its distressed trading business in London. Collins began his career as a management consultant at Zolfo Cooper, a bankruptcy and restructuring consulting firm based in New York.

Before joining DE Shaw, Lyon was a managing director at Cypress Group, a private equity firm based in New York, having previously worked for Goldman Sachs and Och-Ziff Capital Management.

‘We’re extremely pleased that Pat is leading this important effort, and we’re quite excited about the opportunities he, David, and the rest of our team are pursuing,’ says Daniel Posner, a managing director of DE Shaw and head of the firm’s credit-related opportunities group. ‘Their investment experience and judgment will be invaluable assets to the firm as the group continues to expand its private equity initiatives.’

Established in 1988 DE Shaw is a global investment and technology development firm with more than 1,100 employees, approximately USD30bn in aggregate investment capital through hedge funds and private equity vehicles, and offices in North America, Europe, and Asia.

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