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Petra appoints head of credit

Petra Funds Group has appointed Adam Weiss as managing director and head of credit in the firm’s private credit fund administration business, which has doubled in size over the last 12 months. Weiss previously worked for Riverstone Holdings as the firm’s COO of credit.

Petra Funds Group (Petra) has appointed Adam Weiss as managing director and head of credit in the firm’s private credit fund administration business, which has doubled in size over the last 12 months. Weiss previously worked for Riverstone Holdings as the firm’s COO of credit.

Weiss’ experience building and effectively running the credit operations for a multi-national private investment firm includes loan covenants, interest rate step-ups, post-closing obligations, financial reporting accuracy, and borrowers’ overall health.

At Riverstone Holdings, Weiss assisted in developing a portfolio monitoring and risk management framework. In addition, he acted as a liaison between the credit investment professionals, the accounting team, and third-party service providers. Weiss was directly involved with managing liquidity and financing needs, valuation, counterparty relationship management/marketing efforts, trade allocations, settlements, FX, and operational due diligence.
 

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