Sector developments and company hires

Stonepeak eyes structured solutions
Michael Leitner has joined Stonepeak as a senior md. Based in the firm’s New York office, he will help lead the continued buildout of Stonepeak’s credit investing capabilities. The firm believes there is a clear opportunity to leverage its broader platform and institutional knowledge to support the growth of the infrastructure marketplace through investments in credit and structured solutions.

Leitner joins Stonepeak with more than 21 years of experience in the credit space, most recently as co-head of BlackRock’s direct lending and special situations investment practice. Prior to its acquisition by BlackRock, he was a managing partner at Tennenbaum Capital Partners, serving as a member of its management committee and as a past chair of its investment committee.

In other news…

North America
Scotiabank has recruited Prabu Soundararajan as md, head of CLO banking within its global banking and markets unit in New York. He was previously executive director at Morgan Stanley, which he joined in October 2021. Before that, Soundararajan worked at Natixis, MUFG, Resource America, Stifel and Merrill Lynch.

Brian Bolton has joined Texas-based law firm Winstead PC’s real estate finance, default resolution and servicing practice group as a shareholder. He has deep experience counseling clients in connection with loan originations, modifications, assumptions, workouts and foreclosures of CMBS and balance sheet loans. Bolton was previously a partner at Locke Lord and has also worked at Goldman Sachs and Thompson & Knight.