Angelo Gordon & Co. LP, a $73 billion alternative investment firm focused on credit and real estate investing, has made a number of senior personnel moves looking to bolster the firm’s structured credit business, including the promotion of several team members and the hiring of an additional veteran.
Marc Lessner and Xavier Dailly, both managing directors at Angelo Gordon, have been appointed co-deputy portfolio managers of the firm’s open-ended structured credit fund. Angelo Gordon’s head of structured credit, T.J. Durkin, and Yong Joe, the team’s head of structured credit research, continue to lead the fund as co-portfolio managers.
Aaron Ong, a 17-year veteran of the firm, has been named head of private asset based credit. Additionally, Sunil Kothari, who joined Angelo Gordon in 2019, has been appointed head of European ABS.
Joining Angelo Gordon’s structured credit team as head of commercial real estate debt is David Busker, who most recently led commercial real estate strategies and served as a portfolio manager at Tilden Park. He will assume responsibility for Angelo Gordon’s liquid commercial real estate securities investments from Andy Solomon, who has successfully led the strategy for 17 years and will be retiring at the end of 2023.