Articles from GoldenTree Asset Management

GoldenTree Asset Management announced the upcoming launch of GoldenTree Opportunistic Credit Fund (“GTOC”) (I-share: GTPIX) (the “Fund”). The Fund is structured as a registered, unlisted closed-end interval fund, expanding GoldenTree’s suite of products and providing alternative credit solutions for individual investors. The Fund invests opportunistically across public and private credit markets and aims to generate attractive risk-adjusted returns while seeking income in addition to capital appreciation.

GoldenTree Asset Management LP (“GoldenTree”), a global asset management firm with approximately $55 billion in assets under management, has announced the hiring of Avineet Punhani as Principal. He will be based in the firm’s New York office and will report to Grady Frank, Partner and Head of Private Credit Origination. Avi brings to GoldenTree nearly 15 years of credit expertise alongside his robust private equity relationships. He joins GoldenTree from PNC Financial Services, where he served as a Managing Director with responsibilities that included leading their global origination efforts in the technology industry.

GoldenTree Asset Management LP (“GoldenTree”), a global asset management firm with approximately $55 billion in assets under management, has announced the hiring of Sam Friedland as Principal and Head of Real Estate Credit Origination, a newly created role. He will be based in the firm’s New York office and will report to Lee Kruter, Partner and Head of Performing Credit. Friedland brings almost 15 years of expertise and relationships in the real estate industry to GoldenTree. He joins GoldenTree from Related Fund Management, where he was a Managing Director.

GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a €404 million collateralized loan obligation (“CLO”) to be managed by GLM III. With the closing of this CLO, GoldenTree Loan Management EUR CLO 7 (“GLM EUR CLO 7”), GoldenTree has issued 28 CLOs totaling over $15 billion under its GLM CLO strategy. Since its inception in January 2017, the GLM strategy was intended to be compliant with applicable Risk Retention regulations. While a US Court of Appeals ruling on February 9, 2018 led to the repeal of US risk retention rules for open market CLOs, GLM CLOs are intended to continue to comply with European Union and United Kingdom Risk Retention regulations.

GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $501 million collateralized loan obligation (“CLO”) to be managed by GLM III. With the closing of this CLO, GoldenTree Loan Management US CLO 21 (“GLM US CLO 21”), GoldenTree has issued 27 CLOs totaling approximately $15 billion under its GLM CLO strategy. Since its inception in January 2017, the GLM strategy was intended to be compliant with applicable Risk Retention regulations. While a US Court of Appeals ruling on February 9, 2018 led to the repeal of US risk retention rules for open market CLOs, GLM CLOs are intended to continue to comply with European Union and United Kingdom Risk Retention regulations.

GoldenTree Asset Management (“GoldenTree”), a leading global asset management firm, today announced its continued support of Citymeals on Wheels with a $100,000 donation, enhancing its commitment through the firm's charitable giving program, GoldenTree Gives. This increased contribution will provide 10,000 nutritious meals to homebound elderly New Yorkers.

GLM III, LP (“GLM III”) and its affiliated investment manager GoldenTree Asset Management LP (along with other affiliated investment managers “GoldenTree”), announced the closing of a $500 million collateralized loan obligation (“CLO”) to be managed by GLM III. With the closing of this CLO, GoldenTree Loan Management US CLO 20 (“GLM US CLO 20”), GoldenTree has issued 26 CLOs totaling over $14 billion under its GLM CLO strategy. Since its inception in January 2017, the GLM strategy was intended to be compliant with applicable Risk Retention regulations. While a US Court of Appeals ruling on February 9, 2018 led to the repeal of US risk retention rules for open market CLOs, GLM CLOs are intended to continue to comply with European Union and United Kingdom Risk Retention regulations.

GoldenTree Asset Management (“GoldenTree”), a global asset management firm with nearly $55 billion in assets under management, today announced the hiring of John Edenbach as Managing Director, based in New York. Mr. Edenbach will focus on business development, working to expand GoldenTree’s existing efforts in Wealth Management. He will report to Claudio Macchetto, Managing Director and Head of North American Wealth Management, at GoldenTree.

GoldenTree Asset Management (“GoldenTree”), a global asset management firm with over $54 billion in assets under management, today announced the closing of $1.3 billion in commitments on its third CLO strategy (“GLM III” or the “Fund”). GLM III is a continuation of the GoldenTree Loan Management (“GLM”) program that began in 2016, bringing aggregate commitments across the entire GLM program (i.e., GLM I, II, and III) to over $2.625 billion.

GoldenTree Asset Management (“GoldenTree”), a global asset management firm with over $53 billion in assets under management, today announced the closing of its Private Credit Fund.

GoldenTree Asset Management (“GoldenTree”), a global asset management firm with over $53 billion in assets under management, today announced the hiring of Markus Taubert as a Principal, based in Munich, establishing GoldenTree’s physical presence in Germany. Mr. Taubert will focus on business development, covering relationships across the DACH region. He will report to Kathy Sutherland, Chief Executive Officer and Partner at GoldenTree.

GoldenTree Asset Management (“GoldenTree”), a global asset management firm with approximately $53 billion in assets under management, today announced the hiring of Charlie Fuller as Partner and Head of North American Insurance coverage, a newly created role. He will be based in the firm’s New York office and will report to Kathy Sutherland, GoldenTree’s CEO. Fuller brings over two decades of expertise and relationships in the insurance industry to GoldenTree. He joins GoldenTree from Goldman Sachs, where he was a Managing Director and Head of Americas’ Institutional Insurance Client Business. Fuller was also a founding member of Goldman Sachs’ Insurance Asset Management Business, and his leadership and deep relationships across the industry helped build it into one of the leading insurance asset management businesses in the industry.

GoldenTree Asset Management (“GoldenTree”), a global asset management firm with over $50 billion in assets under management, announced the addition of Alysia Love as Chief Talent Officer and Partner today.

FS Investments, a leading alternative asset manager with over $35 billion in assets under management, today announced that FS Credit Income Fund will increase its distribution for all share classes. This is effective with the payment of the quarterly distribution on April 3, 2023. FS Credit Income Fund, or the “Fund,” is an alternative credit strategy sub-advised by GoldenTree Asset Management, an employee-owned asset management firm with nearly $50 billion in assets under management and an over 22-year track record.

GoldenTree Asset Management (“GoldenTree”), a global asset management firm with over $49 billion in assets under management, today announced the opening of its first office in the Middle East in the Dubai International Financial Centre, United Arab Emirates. The Dubai office will become GoldenTree’s ninth location, with offices already active in New York, West Palm Beach, Charlotte, London, Dublin, Singapore, Sydney and Tokyo. Han Gurer will join GoldenTree to oversee Middle East business development through the new Representative Office, and will report to Kathy Sutherland, GoldenTree’s CEO. He joins GoldenTree from Ares Management, where he served as a Principal, leading strategy and relationship management.

GoldenTree Asset Management (“GoldenTree”) today announced that Kathy Sutherland has been named the firm’s first Chief Executive Officer. GoldenTree is a global asset management firm, with over $47 billion in assets under management, founded 22 years ago by Steve Tananbaum, Managing Partner and Chief Investment Officer.

GoldenTree Asset Management (“GoldenTree”), a global asset management firm with over $47 billion in assets under management, today announced the closing of its Distressed Fund IV.