Key Takeaways
- • Crescent Capital Group LP hired Felipe Esguerra as Managing Director and Head of Eastern U.S. Region within its Investor Solutions Group, based in New York, to expand institutional investor coverage across the Eastern seaboard.
- • Esguerra brings over 20 years of institutional business development and investor relations experience, including prior roles as Director of Institutional Sales at BlackRock and institutional sales positions at Goldman Sachs Asset Management and ScotiaBank, and holds CFA Charterholder credentials.
- • Crescent Capital manages over $40 billion in assets under management as of September 30, 2023, and is responding to strong institutional demand for its alternative credit solutions across corporate pension plans, public pension plans, endowments, foundations, healthcare systems, and family offices.
- • Jonathan Harari, Global Head of Investor Solutions at Crescent Capital, emphasized Esguerra's strong client relationships and regional expertise as key assets for deepening the firm's market penetration in the Eastern U.S. institutional investor base.
Summary
Crescent Capital Group LP, a Los Angeles-based alternative credit investment manager, announced the hiring of Felipe Esguerra as Managing Director and Head of Eastern U.S. Region within its Investor Solutions Group. Esguerra will operate from Crescent's New York office with primary responsibility for marketing the firm's alternative credit strategies to institutional investors across the Eastern U.S., including corporate and public pension plans, endowments, foundations, healthcare systems, and family offices.
Esguerra's appointment reflects Crescent Capital's strategic positioning to capture institutional demand for alternative credit solutions in a key geographic market. His background includes more than two decades in institutional business development and investor relations. Most recently, he served as Director of Institutional Sales at BlackRock, where he managed sales and business development for large, complex institutional investors primarily on the U.S. East Coast. Prior institutional sales experience includes roles at Goldman Sachs Asset Management, and he spent more than a decade at ScotiaBank. Esguerra holds CFA Charterholder status, underscoring his credentialing within the investment management profession.
Jonathan Harari, Global Head of Investor Solutions at Crescent Capital, characterized Esguerra's hire as a response to sustained investor demand for the firm's credit capabilities. "With his strong client relationships and longstanding experience in the region, we believe he will be a valuable addition as we respond to the strong demand from investors for Crescent's alternative credit solutions," Harari stated. Esguerra reciprocated enthusiasm for the role, citing Crescent's reputation as a "long-standing and cycle-tested credit firm."
Crescent Capital manages over $40 billion in assets under management as of September 30, 2023. The hiring signals the firm's confidence in market conditions and investor appetite for its credit strategies during a period of institutional asset allocation shifts toward alternative investments.
Esguerra's appointment reflects Crescent Capital's strategic positioning to capture institutional demand for alternative credit solutions in a key geographic market. His background includes more than two decades in institutional business development and investor relations. Most recently, he served as Director of Institutional Sales at BlackRock, where he managed sales and business development for large, complex institutional investors primarily on the U.S. East Coast. Prior institutional sales experience includes roles at Goldman Sachs Asset Management, and he spent more than a decade at ScotiaBank. Esguerra holds CFA Charterholder status, underscoring his credentialing within the investment management profession.
Jonathan Harari, Global Head of Investor Solutions at Crescent Capital, characterized Esguerra's hire as a response to sustained investor demand for the firm's credit capabilities. "With his strong client relationships and longstanding experience in the region, we believe he will be a valuable addition as we respond to the strong demand from investors for Crescent's alternative credit solutions," Harari stated. Esguerra reciprocated enthusiasm for the role, citing Crescent's reputation as a "long-standing and cycle-tested credit firm."
Crescent Capital manages over $40 billion in assets under management as of September 30, 2023. The hiring signals the firm's confidence in market conditions and investor appetite for its credit strategies during a period of institutional asset allocation shifts toward alternative investments.
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