Key Takeaways
- • Nassau Private Credit (NPC) hired Vincent Chan, CFA, as Portfolio Manager to focus on investment grade and non-investment grade CLO securities, according to a Business Wire release.
- • Chan brings 16 years of CLO and structured credit investment experience, most recently as Portfolio Manager for structured product investments and Managing Director at Assurant Investment Management.
- • Chan previously managed CLO debt/equity and synthetic structured credit strategies at Elliott Management Corp.
- • Chan joined on May 11, 2020, and is based in NPC's Darien, Connecticut office.
- • NPC was formed in February 2019 to source and invest in equity and debt tranches of CLOs for third-party institutional investors and affiliates of Nassau Financial Group, which reports combined assets of approximately $24.5 billion.
Summary
Nassau Private Credit LLC (NPC), the Darien, Connecticut-based unit of Nassau Financial Group, has hired Vincent Chan, CFA, as Portfolio Manager, the firm announced via Business Wire. Chan will focus on investments in investment grade and non-investment grade collateralized loan obligation (CLO) securities. He joined the team on May 11, 2020.
Chan has 16 years of experience in CLO and structured credit investing. Most recently he was Portfolio Manager for structured product investments and Managing Director at Assurant Investment Management, where he was also responsible for structuring within Assurant's CLO management platform. In an earlier role, he managed investment strategies in CLO debt and equity and synthetic structured credit at Elliott Management Corp.
NPC was formed in February 2019 to source and invest in equity and debt tranches of CLOs for third-party institutional investors and NPC's affiliates. Bruce Brittain and Russell Pemberton serve as the firm's Managing Directors and Lead Portfolio Managers. NPC's capabilities complement Nassau Corporate Credit LLC (NCC), Nassau's CLO management business led by Alex Jackson.
Nassau Financial Group, headquartered in Hartford, Connecticut, currently has combined assets of approximately $24.5 billion. Its business spans four segments: insurance, reinsurance, distribution and asset management.
Chan has 16 years of experience in CLO and structured credit investing. Most recently he was Portfolio Manager for structured product investments and Managing Director at Assurant Investment Management, where he was also responsible for structuring within Assurant's CLO management platform. In an earlier role, he managed investment strategies in CLO debt and equity and synthetic structured credit at Elliott Management Corp.
NPC was formed in February 2019 to source and invest in equity and debt tranches of CLOs for third-party institutional investors and NPC's affiliates. Bruce Brittain and Russell Pemberton serve as the firm's Managing Directors and Lead Portfolio Managers. NPC's capabilities complement Nassau Corporate Credit LLC (NCC), Nassau's CLO management business led by Alex Jackson.
Nassau Financial Group, headquartered in Hartford, Connecticut, currently has combined assets of approximately $24.5 billion. Its business spans four segments: insurance, reinsurance, distribution and asset management.
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