GoldenTree Asset Management Expands Private Credit Team

NEW YORK--(BUSINESS WIRE)--GoldenTree Asset Management LP (“GoldenTree”), a global asset management firm with approximately $55 billion in assets under management, has announced the hiring of Avineet Punhani as Principal. He will be based in the firm’s New York office and will report to Grady Frank, Partner and Head of Private Credit Origination. Avi brings to GoldenTree nearly 15 years of credit expertise alongside his robust private equity relationships. He joins GoldenTree from PNC Financial Services, where he served as a Managing Director with responsibilities that included leading their global origination efforts in the technology industry.

“Throughout our 25-year history, GoldenTree has been a leader in developing innovative private credit solutions, consistently delivering value to issuers and private equity sponsors. This success has created compelling investments for our funds. We are excited to welcome Avi to our team, and are confident that his expertise will enhance our relationships with private credit issuers,” said Grady Frank.

Lee Kruter, Partner and Head of Performing Credit added, “GoldenTree’s deliberate, investment-centric approach sets us apart from our peers. In today’s uncertain economic and market environment, we believe GoldenTree is uniquely positioned, given our broad reach across credit asset classes, our experienced investment team, and our expertise in analyzing complex transactions. We look forward to growing our team and expanding our capabilities to continue delivering differentiated value to our investors.”

Avi said, “GoldenTree’s diverse industry expertise, expansive capital base and ability to structure unique transactions swiftly and at scale create a truly differentiated value proposition. I am thrilled to join GoldenTree’s leading private credit platform and collaborate with Grady, Lee and this talented team to further enhance our market presence, deepen our relationships with key stakeholders and create attractive investment opportunities that can continue to drive differentiated returns for our investors.”

About GoldenTree Asset Management

GoldenTree is an employee-owned, global asset management firm that specializes in opportunities across the credit universe in sectors such as high yield bonds, leveraged loans, private credit, distressed debt, structured credit, emerging markets, real estate, and private equity and credit-themed equities. GoldenTree was founded in 2000 by Steve Tananbaum and is one of the largest independent, global credit asset managers. GoldenTree manages approximately $55 billion for institutional investors, including leading public and corporate pensions, endowments, foundations, insurance companies and sovereign wealth funds. GoldenTree has over 310 employees, with offices in New York, West Palm Beach, Charlotte, Newport Beach, Dallas, London, Dublin, Munich, Singapore, Sydney, Tokyo and Dubai. For more information, please visit www.goldentree.com.

Contacts

Investors:
Ha Nguyen
GoldenTree Asset Management
212-847-3630
hnguyen@goldentree.com

Media:
Lauren Fernandez
Laurel Strategies, Inc.
207-776-7776
media@goldentree.com