Avenue Capital poaches 2 PAG executives

Avenue Capital Group has poached two executives from the Pacific Alliance Group – – Anil Gorthy and Dan Galanter – to oversee its Asia business.

The duo will lead its ‘Asia Strategy’ which focuses on investments in distressed and undervalued debt of companies throughout this continent, in addition to special situations investments, performing and restructured debt, alternative financing, and non-performing loans, the company said.

Gorthy and Galanter will formally start with Avenue Capital’s Asia Strategy at the end of December.

Mark Harris will continue with the Asia Strategy as a Portfolio Manager, the company said, while adding that assets under management allocated to the Avenue Asia Strategy were estimated to be approximately a billion dollars.

“Avenue Capital has a long history of investing in Asia, having originally established a presence in the region in 1999,” said Marc Lasry, the Chairman, CEO and Co-Founder of Avenue Capital Group. “We are excited that Anil and Dan are joining Avenue to lead the Asia Strategy and leverage and grow our existing Asia team and platform in the region. There are significant opportunities for our strategy in Asia, and we intend to raise a new Avenue Asia Fund over the coming year,” its statement added.

As of August 31, 2014, Avenue Capital Group oversees approximately $14.1 billion of assets, on behalf of a sophisticated global base of institutional investors.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.