The business will seek out investment opportunities in the subinvestment-grade and mezzanine debt of middle-market issuers.
Frank Conley, formerly the head of private placements at UBS Securities, left the bank in July.
Bank of America Merrill Lynch held on to its long-running number one spot on the league tables for the first half of 2013, but another bank is nipping at its heels.
Following Private Placement Letter's 15th Annual Buyside Survey, Allen Weaver, head of Prudential Capital, sat down with PPL to talk about how the market is shaping up in 2013the business of direct placements, the markets tendency to oversubscribe, finding the right price point and why NAIC-3s still dont get much love.
Mark Ahmed, whose last day is Friday, started his career with Mass Mutual in 1985 and currently oversees a $13.9 billion portfolio...