Key Takeaways
- • Colbeck Capital Management, a New York-based middle-market private credit firm managing more than $3 billion in invested and committed capital, has hired Michael Smith as a Managing Director on its Investment Team, according to a Business Wire announcement.
- • Smith brings nearly two decades of private credit and corporate lending experience across sponsored, non-sponsored, and special situations strategies.
- • Smith most recently served as Co-Head of the U.S. Private Debt strategy at Muzinich & Co., where he scaled the platform to more than $500 million in assets.
- • Smith will report to Colbeck Co-Founders and Managing Partners Jason Colodne and Jason Beckman, and is expected to help expand the firm's U.S. middle-market capabilities.
Summary
Colbeck Capital Management, described as a leading middle-market private credit manager focused on strategic lending, announced that Michael Smith has joined the firm as a Managing Director on its Investment Team, based in New York. Smith will report to Colbeck's Co-Founders and Managing Partners, Jason Colodne and Jason Beckman. Colbeck was founded in 2009 by Colodne and Beckman and originates senior secured loans to companies undergoing periods of transition.
Smith adds nearly two decades of private credit and corporate lending experience across sponsored, non-sponsored, and special situations strategies. Most recently, he served as Co-Head of the U.S. Private Debt strategy at Muzinich & Co., where he scaled the platform to more than $500 million and oversaw capital formation, origination, investment execution, portfolio management, and team management.
Earlier in his career, Smith held senior investment roles at Credit Suisse, GE Antares Capital (now Antares Capital), and Madison Capital Funding (now Apogem Capital), executing a range of private credit transactions. He began his career in investment banking and corporate credit at BMO Capital Markets.
Colodne and Beckman said Smith's experience growing private debt platforms and originating and structuring complex investments will be instrumental as Colbeck continues to scale its investment team and broaden its capabilities across the U.S. middle market. Smith said the firm's creativity and flexibility distinguish it from traditional lenders and noted that market dislocations are creating opportunities for well-capitalized firms.
Smith adds nearly two decades of private credit and corporate lending experience across sponsored, non-sponsored, and special situations strategies. Most recently, he served as Co-Head of the U.S. Private Debt strategy at Muzinich & Co., where he scaled the platform to more than $500 million and oversaw capital formation, origination, investment execution, portfolio management, and team management.
Earlier in his career, Smith held senior investment roles at Credit Suisse, GE Antares Capital (now Antares Capital), and Madison Capital Funding (now Apogem Capital), executing a range of private credit transactions. He began his career in investment banking and corporate credit at BMO Capital Markets.
Colodne and Beckman said Smith's experience growing private debt platforms and originating and structuring complex investments will be instrumental as Colbeck continues to scale its investment team and broaden its capabilities across the U.S. middle market. Smith said the firm's creativity and flexibility distinguish it from traditional lenders and noted that market dislocations are creating opportunities for well-capitalized firms.
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