Sector hires and company developments

Insurance firm expansion

Nassau Re is expanding into additional specialty finance asset classes as it grows assets under management in a three-pronged move. First, the firm has established Nassau Private Credit (NPC), which will invest directly in CLO equity and related investments for third-party institutional investors. Second, under its Nassau CorAmerica brand, it will expand its existing real estate commercial whole loan capabilities to include floating rate debt investments. Third, the firm is expanding its alternative investments practice to grow its private equity investing and co-investment platforms. As part of the expansion, Bruce Brittain and Russell Pemberton are joining the firm as mds and lead portfolio managers for NPC. Brittain was most recently a co-founder and principal of Morningside Credit Partners, while Pemberton was most recently head of CLO syndicate and origination at RBC Capital Markets.

Law firm makes CLO hires

Howard Goldwasser and Skanthan Vivekananda have joined Orrick as partners in its structured finance group from Arnold & Porter, based in New York and Los Angeles respectively. The pair have been working together as a team for the last eight years, including at K&L Gates from 2011 to 2016, and have particular expertise in the post-crisis CLO market. Goldwasser was formerly a partner at Orrick from 1999 to 2006.