The firm co-founder is on indefinite leave from the firm and has since invested in a car wash business.
The New York-based credit manager will bring on at least three investment professionals.
The investment banks – one still arguably the pinnacle of Wall Street and the other a casualty of, among other factors, run-ins with federal regulators – produced some of the biggest names in alternative lending.
The hires bring Cheyne’s SVC team to ten people focused on stressed but performing mid-market loans.
PDI looks at a few of the recent personnel moves from around the private credit industry.
Peter Miholich resurfaced in March as head of Transition Capital, HgCapital’s newly-formed preferred equity and debt arm.
Suzana Peric has been brought in to assist origination efforts for the strategy, for which a €1.3bn fund was closed at the end of last year.
The firm joins Houlihan Lokey among the investment banks to wade into the booming leveraged finance markets.
Despite booming popularity of funds in the segment, Pete Drewienkiewicz of investment consultancy Redington says they can carry hidden risks that investors need to be aware of. By John Bakie
The firm has lured Macquarie Capital’s midstream MD Ed Winter, while appointing Guillaume Vandewalle to the debt team.