Man Group has appointed Putri Pascualy to guide its shopper engagement and technique relating to personal credit score and direct lending.
Pascualy, who will maintain the position of senior managing director, shopper portfolio supervisor, will give attention to Man Group’s middle-market direct lending technique, aiming to construct partnerships with world buyers cross the institutional, wealth and insurance coverage channels.
She’s going to report back to Walter Owens, chief govt of Man Direct Lending, and can be primarily based in New York.
Learn extra: Man Group appears to stability liquidity extra between managers and buyers
She joins from TPG Angelo Gordon the place she was a senior product specialist, specializing in the agency’s credit score multi-strategy and performing credit score companies.
Previous to that, she was a associate and portfolio supervisor for the credit score and co-investment portfolios at PAAMCO Prisma, which is a part of KKR’s hedge fund options platform.
Learn extra: Non-public credit score to “thrive” as dry powder reaches $292bn
The appointment, first reported on by Hedgeweek and confirmed to Different Credit score Investor by a Man Group spokesperson, comes at a time when the hedge fund group is ramping up its give attention to the credit score market.
It emerged earlier this yr that Man Group – which manages round $175m (£140m) of property – is retiring the GLG, Man World Non-public Markets and Varagon manufacturers, based on an inner communication seen by Bloomberg Information.
Man Group acquired US personal credit score supervisor Varagon final yr. The crew will be part of the widened discretionary division, alongside the agency’s personal markets enterprise.
