People and Firms

Aristotle Credit Partners Adds Managing Director

Los Angeles-based credit investment firm Aristotle Credit Partners hired Hugh Costello as a new managing director who will focus on institutional sales and marketing.

NewBridge in North Carolina Launches Middle-Market Division

NewBridge Bancorp (NBBC) in Greensboro, N.C., has hired six commercial bankers to run its new middle-market banking group.

PE Firm Riverstone Adds Credit Team

Riverstone Holdings hired Christopher Abbate, Jamie Brodsky and Daniel Flannery to help the firm focus on credit and capital market deals.

Prudential Adds Portfolio Manager for Europe

Prudential Fixed Income added a portfolio manager to its European leveraged finance team. Arvinder Chowdhary joined the group as a portfolio manager and principal.

Monroe Capital Fires, Sues Former Partner

Monroe Capital has fired and filed a lawsuit against a former managing director and fund partner who has launched his own firm. The lawsuit claims Warren Woo sent trade secrets and client information to his firm Breakaway Capital Partners.

Babson Raises $917M for Mezzanine, PE Fund

Babson Capital Management raised $917 million for a U.S. mezzanine and private equity fund. The Tower Square Capital Partners IV fund will focus on the middle market LBO space.

Guggenhiem Hires Lev Finance Head

Guggenheim Securities has hired Andrew Booth as its head of leveraged finance. Booth will also have the title of senior managing director.

RBC Hires BofA Banker for HY, Loans

John Cokinos has joined RBC’s U.S. high yield and loan capital markets group as managing director. He was most recently head of U.S. leveraged finance capital markets for Bank of America.

MarketAxess, BlackRock Launch ETF Trading Service

In the further development of electronic trading for the fixed income markets, MarketAxess and BlackRock launched a partnership to provide iShares Fixed income exchange-traded fund trading services.

Monroe Capital Hires KKR Vet

Monroe Capital said Lee Stern has joined the firm as a managing director in its New York office. Stern will lead the firm’s efforts in club and co-lending investment partner work.

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Gershon Distenfeld

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Firm: AllianceBernstein

In the news: Summer Selloff Puts HY Managers On Alert

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