As more capital floods into private debt than ever before, Christian Allgeier of First Avenue looks at the reasons behind the increase in LP appetite for the asset class and the new areas of investment.
This is the firm’s fourth hire for the healthcare team in the last two months, while it also recently opened an office in Chicago to assist with the strategy.
Geiger will lead a team of five debt professionals with an initial focus on senior secured debt.
The firm has hired a Blackstone GSO alumnus to head growth of the branch, with which it hopes to expand its debt offerings.
The firm is raising its second real estate debt fund less than a year after closing its first, and won’t be collecting management or performance fees.
Ex-Forum Partners Asia head Gregory Wells is the Asian real estate beneficiary of the private equity firm’s ‘entrepreneur-in residence’ venture capital program.
The firm hired two people from EquiTrust Life Insurance to start the firm’s expansion into investment options curated for insurance companies.
The new senior hires come as the firm goes about building up its global private debt team.
The New York-based firm targets an array of properties for the strategy and has raised almost $1bn.
Which individuals have changed the face of the private debt asset class? PDI presents its inaugural top 30.