Cerberus Business Finance Hires Woolford For Capital Markets Role

Apr 4 2017 | 9:18pm ET

Cerberus Business Finance, the direct lending affiliate of global private equity company Cerberus Capital Management, has hired former Jefferies executive Andrew Woolford as a managing director.

In his new role, Woolford will manage Cerberus Business Finance's capital markets activities, including the acquisition of performing secondary loans within both the private middle-market and broadly syndicated loan spaces, according to a statement. He will based in New York and begins May 2017.

Woolford comes to Cerberus Business Finance after 13 years with Jefferies LLC, where he was most recently head of leveraged loan sales. Beforehand, he spent a combined 21 years in leveraged finance roles at CIBC World Markets, Morgan Stanley, Bankers Trust (BT Securities), and Chemical Bank.

"We are very pleased to welcome Andrew to the team,” said Keith Read, president of Cerberus Business Finance, in the statement. “He has deep relationships with many institutions participating in the U.S. middle-market, which will greatly enhance our pipeline of investments and further develop our extensive network of clients."

Tracing its lineage back to 1995, Cerberus Business Finance currently manages more than $13 billion of capital dedicated to its middle-market direct lending business. The company completed over 70 transactions, primarily as lead agent, totaling $5.3 billion of credit facilities last year, and recently raised $2.05 billion for its third direct lending fund. 

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