Iris Dorbian

Redett succeeds Curt Buser who will be retiring the end of the year.

When the deal closes, Fortress management is expected to own a 30% equity stake in the company while Mubadala Capital will own a 70%.

The deal is expected to close in the fourth quarter of 2023.

The subsidiary of Hercules Capital has formed a new private credit lending programme following the failure of Silicon Valley Bank, which was a lender and banker to about half of the VC-backed tech and life sciences start-ups in the US.

SLC Management is the fixed income and alternatives asset manager of Canada's Sun Life Financial.

Bebb joins Thoma Bravo from Google, where she served as the head of global credit and ESG for nearly five years.