Serone Capital Management, the London-based alternative credit specialist, has hired Erika Morris and Wes Seifer from Tikehau Capital as co-heads of US performing credit.
The pair spent six years building and managing the firm’s US CLO platform, and will now be charged with further advancing Serone’s expansion into the North American credit market.
Serone, which managed $3.4bn as of end-November, was founded by CEO Neil Servis in 2009.
Morris and Seifer will be based in New York, joining Brent Hayes, head of North America. The US platform will be integrated with Serone’s London-based credit business.
Morris and Seifer have spent nearly two decades investing in leveraged loans and high-yield bonds.
“The appointment of Erika and Wes marks a pivotal milestone as we extend our performing credit capabilities into the US,” said Servis.
“Their deep expertise in managing structured credit strategies and 20-year track record will be instrumental as we scale our platform in North America; a region that offers compelling value within the evolving alternative credit landscape.”
“Serone’s reputation as a specialist in structured credit provides a powerful foundation,” added Morris.
“The opportunity to scale a performing credit business here, backed by the firm’s deep technical expertise and the scale of the US market, is incredibly compelling.”