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