PineBridge Hires Three To Launch Middle-Market Direct Lending Business

Aug 28 2017 | 11:10pm ET

PineBridge Investments has brought former Business Development Corp. of America executives Jim Fisher, Joe Taylor and Doug Lyons aboard its credit platform to form the nucleus of its new middle-market direct lending business. 

The trio will focus primarily on U.S.-based middle market companies seeking capital for growth, acquisitions, leveraged buyouts and recapitalizations, PineBridge said in a statement. The private credit team will be based in New York and led by Fisher. 

The new direct lending effort will expand PineBridge’s existing $28.5 billion credit platform, which currently includes bank loan CLOs, high yield investments and a junior capital-focused structured capital business. Fisher and his team have successfully built and led other middle market direct lending platforms over the last 25 years, most recently at Business Development Corp of America.

“Jim and his team are highly regarded in the private credit world and have numerous long term relationships with sponsors, intermediaries and lenders,” said PineBridge CEO Greg Ehret in the statement. “They will be a great addition to our existing credit platform.”

Headquartered in New York, PineBridge is majority-owned by a subsidiary of Pacific Century Group, an Asia-based private investment group. The company is a global asset manager with experience in emerging and developed markets offering multi-asset, fixed income, equity and alternatives strategies to institutions, insurance companies and intermediaries, and managed $85.5 billion as of 30 June 2017. 

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