GoldenTree Asset Management Hires Grady Frank as Partner in Private Credit
PR94641
NEW YORK, Feb. 23, 2022 /PRNewswire=KYODO JBN/ --
GoldenTree Asset Management ("GoldenTree"), a global asset management firm with
nearly $47 billion in assets under management, announced today that Grady Frank
will join as a Partner of GoldenTree and the Firm's Head of Private Credit
Origination.
Mr. Frank brings to GoldenTree over 20 years of experience in leveraged finance
and working with private equity sponsors. Most recently, he was a Managing
Director at Goldman Sachs and a senior member of the Financial and Strategic
Investors Group. GoldenTree has been investing in private credit opportunities
for more than a decade, and in recent years has made over $3 billion in private
credit investments, which have delivered attractive and consistent returns for
investors.
Steve Tananbaum, Founding Partner and Chief Investment Officer of GoldenTree,
said, "We have a long history of working collaboratively with management teams
and private equity sponsors to help companies achieve their objectives while
creating attractive investments for our funds. The opportunity set in private
credit has been expanding in recent years and we are confident that Grady's
significant experience will allow us to accelerate our sourcing and structuring
opportunities while offering compelling risk-adjusted return potential for our
investors."
Lee Kruter, Partner and Head of Performing Credit, who oversees the Firm's
growing investments in private credit, said, "While private credit as an asset
class has garnered more attention recently, as a firm we have been making
private credit investments across industries and geographies that have created
value for our investors for over a decade. Our nimble approach allows us to
commit in size, execute quickly, and provide creative solutions, which delivers
significant value to issuers and private equity sponsors and differentiates
GoldenTree."
Mr. Frank stated, "I am thrilled to join the GoldenTree team to help continue
building a market-leading private credit platform. I have many long-standing
relationships with the GoldenTree team and I'm excited to become a Partner of
the Firm. We will build a highly responsive, relationship-centric private
credit business focused on our partners in private equity while delivering
excellent returns for GoldenTree's investors."
About GoldenTree
GoldenTree is an employee-owned, global asset management firm that specializes
in opportunities across the credit universe in sectors such as high yield
bonds, leveraged loans, private credit, distressed debt, structured products,
emerging markets, private equity and credit-themed equities. GoldenTree was
founded in 2000 by Steve Tananbaum and is one of the largest independent asset
managers focused on credit. GoldenTree manages nearly $47 billion for
institutional investors, including leading public and corporate pensions,
endowments, foundations, insurance companies and sovereign wealth funds.
GoldenTree has approximately 250 employees, with offices in New York, London,
Singapore, Sydney, Tokyo, Dublin and West Palm Beach. For more information,
please visit www.goldentree.com .
For further information contact:
Investors:
Kathy Sutherland
GoldenTree Asset Management
212-847-3455
ksutherland@goldentree.com
Media:
Steve Bruce and Mary Beth Grover
ASC Advisors
203-992-1230
sbruce@ascadvisors.com
mbgrover@ascadvisors.com
SOURCE: GoldenTree Asset Management
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