Tag: appoints

Investcorp Private Credit Appoints New Co-Head as Expansion of Its Credit Business Continues

NEW YORK, Jan. 23, 2023 /PRNewswire/ — Investcorp, a leading global alternative investment firm, today announced the appointment of Suhail Shaikh as Co-Head of Investcorp’s Private Credit business. Based in New York, Shaikh will co-lead the private credit business alongside current Co-Head, Mike Mauer. Shaikh brings with him approximately $200 million of assets under management and three team members from his previous firm Alcentra, expanding the private credit team to 14 professionals and team-managed assets to approximately $500 million. Current Co-Head, Chris Jansen, will take on an advisory role and retire later this year after ensuring a smooth transition.

Shaikh’s appointment marks the latest in a transformational period for Investcorp’s credit business, which in December announced the acquisition of Marble Point Credit Management LLC, a leading US-based CLO manager. Over its 20-year history, Investcorp Credit Management has emerged as a leading player in the private credit space with its public BDC as well as private debt funds.

“We are pleased with the strong momentum in Investcorp’s private credit business and I want to personally thank Chris for his partnership and all his contributions,” said Mike Mauer. “Over the past months, we have expanded our product base and the addition of Suhail and his team’s expertise will only elevate our underwriting and sourcing capabilities, which will be additive to our platform.”

Shaikh has over a decade of private credit investment experience. He joins from Alcentra, where he led their U.S. Private Credit business. Prior to that, he was a Partner and Senior Investment Professional at SLR Capital Partners (formerly Solar Capital Partners). His credit investing experience was preceded by a career in leveraged finance and advisory investment banking at Bank of America Merrill Lynch, CIBC World Markets and JP Morgan.

“I am thrilled to join

American Rare Earths Ltd appoints new president of North America

American Rare Earths Ltd (ASX:ARR) has appointed a new president of North America to continue to build the company’s presence and partnerships in the region.

The highly experienced Melissa (Mel) Sanderson replaces Marty Weems in the position and brings with her accomplished leadership skills in mining and diplomacy.

Sanderson’s global career spans 30-plus years, including time at global mining leader Freeport-McMoRan, in a corporate ESG role and as vice president for Africa.

She has also received several awards, including the US State Department Superior Honor Award and the Women in Mining UK 2022 ‘top 100 Global Inspirational Women in Mining’.

Sanderson serves on several boards, including American Rare Earths where she will remain as an executive director, Advance Metals Ltd, the Phoenix Committee on Foreign Relations and chairs the Arizona District Export Council.

“Mel is an outstanding leader and brings a wealth of experience to the role as head of our North American business headquartered in Phoenix, Arizona. I could not be more excited and pleased to have Mel take on this appointment,” ARR chairman Creagh O’Connor said.

Leaving a legacy

Under the leadership of Marty Weems, ARR established significant partnerships with various research organisations and the Departments of Energy and Defense.

Sanderson will be tasked with continuing these relationships as she is well versed in working with US Government agencies having served as a senior diplomat in the US State Department.

A further benefit is Sanderson’s status as a Wyoming native, where ARR has a significant asset at its Halleck Creek Rare Earth Project in Platte and Albany counties in southeast ranch country.

The southern end of the Laramie Range is home to a massive geologic pluton rare earth deposit, estimated to have more than one billion tonnes of ore, potentially making it the biggest such project in the