Sector developments and company hires

Biomedical credit opps fund launched
Multi-strategy life sciences investment firm Catalio Capital Management has launched a credit opportunities strategy to meet the growing demand for non-dilutive growth capital within the biomedical sector. The Catalio Credit Opportunities fund seeks to provide senior-secured structured credit to breakthrough biomedical companies, targeting well-capitalised, pre-cashflow businesses with significant support from institutional investors.

The strategy will be led by co-portfolio managers John Henry Iucker and Robert Snyder, who joined the firm from Brown Advisory, where they played an instrumental role in building its credit platform.

In addition, Joshua Samuelson will be joining the investment committee of the credit opportunities strategy. He was previously a co-founder and president of PointState Capital.

Catalio has also appointed Brandon Matz as head of marketing and investor relations. He was previously a vp at York Capital Management.

EMEA
CQS has recruited Bob Paterson as a portfolio manager. He was previously md, head of credit sales at Lloyds, which included covering flow ABS and significant risk transfer products. Before that, he was md and head of ABS syndicate at the bank, having also served as head of US ABS syndicate and head of European ABS research at Morgan Stanley.

Conor Downey has joined Gunnercooke as real estate finance partner, based in London. Downey will focus on the financing and restructuring of real estate and real estate debt. He was previously a partner at Paul Hastings, having joined the firm in 2009 from Cadwalader.

Hayfin Capital Management has appointed Daniel Bird as a portfolio manager in the private credit team. Based in London, he will focus on sourcing and analysing investment opportunities for the firm. Bird was previously an md at Bank of America, where he successfully built its EMEA global credit and special situations group.

North America
AXA XL has promoted Niraj Patel to lead alternative capital activities as head of AXA XL ILS Capital Management. Patel will lead the team responsible for ILS portfolio management and reporting, data analytics and risk management, and investor relationship and communications, in addition to institutional investment management governance. He reports to Peter Martin, head of Reinsurance Capital Management.