Private credit takes the hiring spotlight in soft market

With money pouring into private credit platforms, even as private equity stalls, firms that make the strategy a specialty are staffing up.

Los Angeles-based credit specialist The TCW Group, for one, is hiring a vice presidents and a data analyst for its private credit team, while New York City-based money manager Aksia is hiring in advance of raising money for the Calamos Aksia Alternative Credit and Income Fund.

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NYC opens search for two PE senior investment officers

The bureau responsible for managing the $248 billion New York City Retirement Systems has opened a search for a pair of senior investment officers to help manage the private equity portfolio.

The two officers would work on a private equity portfolio valued at $23.5 billion as of March 31. They would be supervised by Eneasz Kadziela, deputy chief investment officer and head of private equity, according to the job posting.

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Charles van Horne, long-time Abbott Capital exec, dies at 71

Charles van Horne, who spent more than 22 years as an executive at funds-of-funds manager Abbott Capital Management while also pursuing an avocation as a painter and sculptor, died on April 16. He was 71 years old.

“Charlie was the heart and soul of Abbott and as such will always be remembered not only for his quick wit and antics but also for his dedication to the greater good,” wrote long-time colleague Katie Stokel in a post next to van Horne’s obituary on Legacy.com.

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Best Regards,

David M. Toll

Publisher, Private Equity Career News