Brazilian investment firm BTG Pactual Global Alternatives has recruited a seasoned advisor to lead its operations in the US private market sector.
BTG Pactual Global Alternatives, a $9.4 billion division of BTG Pactual, has announced the appointment of Craig Kennedy as a senior advisor. Kennedy brings with him a wealth of experience from his 15-year tenure at privately held merchant bank Allen & Company LLC.
At Allen & Company, Kennedy worked closely with clients and served as a long-term board advisor. Prior to this, he held senior roles at Bank of America Securities' media and telecom group and at Gleacher NatWest.
In his new role at BTG Pactual Global Alternatives, Kennedy will focus on origination and capital formation across the firm's US private markets strategies, Strategic Capital, and US Private Credit Investments (PCI). His expertise and industry insight are expected to support the growth of these strategies.
Gerrity Lansing, head of BTG Pactual Global Alternatives, stated that Kennedy's appointment reflects their continued focus on expanding the US private markets platform. Craig Kennedy's market knowledge and perspective will enhance the way the firm engages with both companies and investors.
Tom Steiglehner, head of PCI, added that their private credit strategy is centered on providing thoughtful, flexible capital to businesses across industries. US Private Credit Investments is focused on idiosyncratic secured loans within the middle and lower middle market.
Strategic Capital, another division of BTG Pactual Global Alternatives, provides customized capital solutions to asset-oriented businesses. No specific details about the terms or structure of the strategic transaction between AmTrust and Blackstone, as suggested by some reports, were provided in this announcement.
Despite the lack of information about Kennedy's previous employers before his employment at BTG Pactual Global Alternatives, his appointment is seen as a strategic move to strengthen the firm's position in the US private markets. With his extensive experience in the industry, Kennedy is expected to play a crucial role in driving the growth of BTG Pactual Global Alternatives' strategies.
