Alternative asset manager Magnetar Capital (Magnetar) has appointed Erik Falk to work on strategic initiatives with the firm’s executive committee, including founder & CEO Alec Litowitz, co-founder & President Ross Laser, and Global Head of Fixed Income David Snyderman.
Falk, who will be based in Evanston, joins Magnetar from Kohlberg, Kravis, Roberts & Co (KKR), where he was most recently a Member of KKR and the Global Head of Private Credit.
“We are constantly evolving to meet the changing needs of investors,” says Litowitz. “Erik’s decades of experience and strong track record of success make him a valuable addition to the team as we continue to pursue new and innovative market opportunities across a broad range of sectors. We are fortunate to have him on board and welcome him to the firm.”
At KKR, Falk oversaw the private funds within the firm’s $35bn credit business and served on the Private Credit Investment Committee, the Leveraged Credit Investment Committee and the Portfolio Management Committee. Before joining the firm in 2008, Falk spent eight years at Deutsche Bank. He held several roles in the bank’s Global Markets Division including founding the Special Situations Group and Co-Heading the Global Securitized Products Group.
Falk has served on the boards of the Loan Syndications and Trading Association (LSTA), Corporate Capital Trust and Corporate Capital Trust II – business development companies sub-advised by KKR – and various companies on behalf of Deutsche Bank. He is currently a member of the advisory committee of a private middle market lender and of the Investment Committee for The Public Theater.
“I am very excited to join a team with a history of excellence and continued innovation,” says Falk. “I look forward to working to help continue to drive innovation, growth and client value.”
Falk earned a Master of Science and Bachelor of Science in Chemical Engineering from Stanford University.