Balbec Capital has appointed companion and president Peter Troisi as its new chief government, amidst a collection of management modifications on the agency.
Troisi succeeds founding companion Charles Rusbasan, who will transition to the function of government chairman.
Balbec has additionally elevated 4 senior executives to companion standing. These embrace chief monetary officer Christina Houghton, head of actual property asset administration Matthew Rosen, head of residential credit score Ryan Singer, and head of funding threat and analytics Bo Wang.
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Troisi joined Balbec at its inception in 2010 and assumed the function of president in 2023. As chief government he’ll proceed to assist the agency’s portfolio managers in advancing Balbec’s funding technique whereas managing the agency and its ongoing strategic development, the agency mentioned.
“I’m honoured to step into my new function as chief government at this pivotal level in Balbec’s journey,” mentioned Troisi.
“I’ve labored carefully with Chuck since 2006 and am grateful for his management and mentorship as we have now constructed Balbec right into a differentiated asset-based credit score platform with a confirmed observe file throughout numerous cycles and market dislocations.
“I’m excited to steer the agency by means of its subsequent section of development and to welcome Christina, Matt, Ryan, and Bo to the Balbec partnership.”
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“Over the previous 15 years, we have now scaled the platform whereas staying true to our core competency: investing in and managing operationally advanced property to ship robust risk-adjusted returns for buyers,” mentioned Rusbasan.
“Pete has earned the belief of our colleagues, buyers and counterparties resulting from his steadfast dedication and substantial contributions to the agency. His appointment as chief government – coupled with our dedication to succession planning with a brand new era of companions – mirror Balbec’s dedication to offering significant alternatives for profession development.
“As I transition to the function of government chairman, I accomplish that with nice confidence that Balbec has cemented its place on the forefront of asset-based credit score and has the best management workforce in place to proceed innovating to fulfill the evolving wants of world buyers.”
Learn extra: Progress on development
