Alternative investment manager welcomes credit-investing veteran with leading track record to helm senior loans strategy
Sagard Credit Partners, the private credit arm of alternative asset manager Sagard, has launched a new senior loans fund.
The newly unveiled Sagard Senior Loans strategy will be concentrated on first-lien lending to non-sponsor owned companies in North America that have a maximum of $50 million in EBITDA.
To run the strategy, Sagard has welcomed Dev Gopalan as its new partners and portfolio manager. Based in New York, Gopalan will work closely with the Sagard Credit Partners team, as well as leaders of other investment strategies under Sagard.
“I am excited to help launch Sagard's new senior loans fund and to work with the entire team,” Gopalan said. “Sagard is known for their long-term outlook and building deep relationships with the companies in which they invest. I was attracted by the quality of Sagard's talent and the breadth of their global network.”
Before joining Sagard, Gopalan was CEO of Angel Island Capital, a specialty finance company with roughly $4 billion in assets under management backed by a strong track record in credit markets. Prior to that, he was the head of U.S. Private Credit at KKR, where he also served as a member of the Global Private Credit Investment and Portfolio committees.
He has also worked at the Canada Pension Plan Investment Board, where he held numerous senior roles, as well as Barclays, Goldman Sachs, and JPMorgan. He earned his M.A. from Brandeis University, and he also holds a B.S. degree from Georgetown University.
“Dev has an industry-leading track record across the credit spectrum, and we are thrilled to announce his hiring,” said Adam Vigna, managing partner and chief investment officer at Sagard Holdings. “His skills will strengthen Sagard's private credit offering, particularly his expertise in developing bespoke debt financing solutions and sourcing investment opportunities.”
