- Suhail Shaikh, who headed US direct lending at Alcentra, and three team members join
- He’ll co-head the private credit business, which now runs $500m, with Mike Mauer
- Related: Investcorp plans $1bn Gulf real estate investments
Investcorp has hired Suhail Shaikh, who headed US direct lending at Alcentra, to co-head its private credit team.
Shaikh has joined the $50bn alts specialist alongside three team members and brought over $200m, expanding the private credit business at Investcorp to $500m.
Based in New York, Shaikh will co-head the business with Mike Mauer, while the other current joint chief, Chris Jansen, will become an advisor and retire this year “after ensuring a smooth transition,” according to a statement.
“Over the past months, we have expanded our product base and the addition of Suhail and his team’s expertise will only elevate our underwriting and sourcing capabilities, which will be additive to our platform,” said Mauer.
The Bahrain-headquartered firm announced the acquisition of Marble Point Credit Management last month, a $7.8bn CLO manager which will take group AuM past $50bn for the first time.
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