Loomis, Sayles & Company, an affiliate of Natixis Investment Managers, has launched the Loomis Sayles Private Credit Group which will be led by new hire Chris Gudmastad, CFA, as head of private credit.
Myles Reinecke, CFA, also joins as senior private credit analyst.
Private credit, a growing asset class increasingly in demand across the global institutional marketplace, will be a key component of Loomis Sayles’ client-based solutions suite going forward. Under Gudmastad’s leadership, the Loomis Sayles Private Credit Group’s objective is to deliver portfolios that seek to maximise current income and total return through diversified exposure to private fixed income investments while using deep fundamental analysis and transaction structuring to manage downside risk.
Gudmastad brings more than 20 years of financial services experience to his new position, most of which focused on private credit. He comes to Loomis Sayles from Securian Asset Management, where he was vice president and head of private credit. In that role, he was responsible for all aspects of the management of Securian’s USD6.8 billion investment grade private credit portfolio, including the development and execution of the private credit investment strategy and management of the firm’s USD3.3 billion external offerings across more than 20 institutional clients.
Reinecke also joins from Securian Asset Management, where he was most recently an asset management senior consultant focused on investment grade private placement opportunities. He has 10 years of industry experience.
