Angelo, Gordon & Co, the alternative investment specialist, has hired ex-Goldman Sachs executive Arthur Peponis as co-head of private equity and special situations.
Prior to joining Angelo Gordon, Peponis was a member of Goldman’s financial sponsors group where he served as COO and managed the investment banking activities for a host of leading private equity firms. In that capacity, he originated and completed over 150 M&A and advisory assignments and bookrunner financings, and also helped to source over $3 billion of investments for Goldman’s principal investment area.
“We are delighted to welcome Art on board at a time of unprecedented activity and opportunity for our firm,” says David Roberts, who oversees Angelo Gordon’s private equity and special situations activities. “Just as changes in the markets provide us with compelling investment opportunities, they also provide us with opportunities to attract world class talent. Art is a great example of that.”
“Art’s appointment is a clear signal of our commitment to further grow our private equity business,” says John Angelo and Michael Gordon, the firm’s founders. “By blending Art’s experience and relationships with the existing strengths of our private equity team as well as our deep expertise in distressed debt, real estate, and RMBS/CMBS, we are terrifically positioned to capitalise on the private equity investment opportunities emerging in the current environment.”
Angelo Gordon’s private equity group is currently investing its fourth fund which closed at the end of 2008. The team makes control investments with deal sizes ranging from $50 million to $500 million. Sector expertise includes financial services, healthcare services, and consumer and retail.
“The chance to work with David Roberts and the private equity team is a tremendous one,” syas Peponis. “By harnessing the synergies of the broader Angelo Gordon platform, we will have the ability to generate compelling, proprietary private equity transactions. It is an unparalleled opportunity.”
Angelo Gordon was founded in 1988 and has approximately $15 billion under management. Currently, the firm’s investment disciplines encompass four main areas: distressed debt and leveraged loans, real estate, private equity and special situations, and a number of credit-oriented hedge fund strategies.
D.C.