Wednesday, 26 October 2016
Last updated 11 hours ago
Apr 7 2009 | 2:42am ET
Alternative investment firm Angelo Gordon & Co. is boosting its private-equity front line. The New York-based firm, which manages $15 billion in assets, has hired Arthur Peponis as co-head of p.e. and special situations.
Peponis joins the firm from Goldman Sachs, where he was most recently chief operating officer of its financial sponsors group. A 16-year Goldman veteran, Peponis managed the investment banking activities of a number of top private equity funds and helped source more than $3 billion worth of investments for Goldman’s own principal investment area.
“Art’s appointment is a clear signal of our commitment to further grow our private equity business,” said the firm’s founders, John Angelo and Michael Gordon. “By blending Art’s experience and relationships with the existing strengths of our private equity team as well as our deep expertise in distressed debt, real estate, and RMBS/CMBS, we are terrifically positioned to capitalize on the private equity investment opportunities emerging in the current environment.”
Angelo Gordon is currently investing is fourth private equity fund, which closed last year.