New York, NY, July 5, 2017 — Benefit Street Partners L.L.C. (“BSP”), a leading credit-focused alternative asset management firm with over $20 billion in assets under management across a broad range of credit strategies, today announced that Larry Zimmerman has joined the firm as a Managing Director, Head of Private Debt Origination. In addition, David Waill has joined the firm as a Managing Director and Portfolio Manager, focusing on collateralized loan obligations.
“We are pleased to welcome these two outstanding industry veterans to the BSP team,” said Thomas Gahan, Founder and Chief Executive Officer of BSP. “Larry and David each bring nearly three decades of experience and have distinct expertise that we believe will enhance our team’s ability to capitalize on the opportunities in the global credit markets. We look forward to leveraging their strong network of relationships and deep understanding of the industry to drive further success for our firm’s growing platform.”
Mr. Zimmerman has over 28 years of experience in investment banking, holding numerous leadership positions in financial sponsor coverage and sell-side M&A. He joins BSP from Piper Jaffray, where he served as a Managing Director and head of the financial sponsor coverage group since 2009. In that role, he was responsible for coordinating all investment banking activity with Piper Jaffray’s private equity clients, focusing on sell-side M&A transactions, public equity offerings and private debt and equity placements. Prior to that, Mr. Zimmerman had a 20-year tenure at Deutsche Bank Securities, where he served in a variety of executive roles, including the global co-head of industrials, the head of the M&A sell-side advisory group, and a senior member of the financial sponsor coverage group, where he managed Deutsche Bank’s relationships with a number of leading private equity firms.
Mr. Waill has over 28 years of credit experience. He spent the past 18 years at Deutsche Bank, where he was a Managing Director, Global Head of Loan Portfolio Management, in the firm’s Leveraged Debt Capital Markets (“LDCM”) business. In addition to chairing the LDCM Capital Allocation Forum and the Americas LDCM Due Diligence Review Council, Mr. Waill also acted as primary U.S. business-line voter on Deutsche Bank’s Leverage and Structured Finance Underwriting Committee and participated in LDCM’s Capital Commitment review. He also served as a Director on the independent Boards of Deutsche Bank Trust Company of the Americas and its immediate parent, Deutsche Bank Trust Corporation, since 2014. Prior to Deutsche Bank, Mr. Waill spent over 10 years at Merrill Lynch, where he worked in capital markets and high yield bond research.
About Benefit Street Partners
Benefit Street Partners L.L.C. is a leading credit-focused alternative asset management firm with over $20 billion in assets under management. BSP manages assets across a broad range of complementary credit strategies including private/opportunistic debt, structured credit, high yield, special situations, long-short liquid credit and commercial real estate debt. BSP is in partnership with Providence Equity Partners L.L.C., a leading global private equity firm with more than $50 billion in capital under management. The BSP platform was established in 2008 and is based in New York. For further information, please visit www.benefitstreetpartners.com.
Andrew Cole / Kelsey Markovich
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