23 Jan 2023
Investcorp, a leading global alternative investment firm, today announced the appointment of Suhail Shaikh as Co-Head of Investcorp’s Private Credit business. Based in New York, Shaikh will co-lead the private credit business alongside current Co-Head, Mike Mauer. Shaikh brings with him approximately $200 million of assets under management and three team members from his previous firm Alcentra, expanding the private credit team to 14 professionals and team-managed assets to approximately $500 million. Current Co-Head, Chris Jansen, will take on an advisory role and retire later this year after ensuring a smooth transition.
Shaikh’s appointment marks the latest in a transformational period for Investcorp’s credit business, which in December announced the acquisition of Marble Point Credit Management LLC, a leading US-based CLO manager. Over its 20-year history, Investcorp Credit Management has emerged as a leading player in the private credit space with its public BDC as well as private debt funds.
“We are pleased with the strong momentum in Investcorp’s private credit business and I want to personally thank Chris for his partnership and all his contributions,” said Mike Mauer. “Over the past months, we have expanded our product base and the addition of Suhail and his team’s expertise will only elevate our underwriting and sourcing capabilities, which will be additive to our platform.”
Shaikh has over a decade of private credit investment experience. He joins from Alcentra, where he led their U.S. Private Credit business. Prior to that, he was a Partner and Senior Investment Professional at SLR Capital Partners (formerly Solar Capital Partners). His credit investing experience was preceded by a career in leveraged finance and advisory investment banking at Bank of America Merrill Lynch, CIBC World Markets and JP Morgan.
“I am thrilled to join Investcorp at such a pivotal time and hope to expand on what has been a series of impressive successes for the credit team,” said Suhail Shaikh. “My team and I are excited to be part of Investcorp’s growth, and looking forward to contributing our resources, pursuing new opportunities, and continuing to build out Investcorp’s private credit business alongside Mike whom I have known for over 25 years in the industry as a former colleague and a market participant.”