BC launches credit arm to be led by Apollo's Goldthorpe

It is understood the firm will begin fundraising for the new credit vehicle later in 2017, once it has built out a new team and prepared documentation.

In addition to supporting the activities of BC Partners' private equity activity, the fund will pursue investments across various sectors. A source close to the situation told unquote" the firm will look to capitalise on its existing LP base in addition to the network developed by Goldthorpe himself.

Goldthorpe leaves his role as president at Apollo IC and chief investment officer at Apollo Investment Management after five years with the firm and will be based in BC's New York office. Prior to joining Apollo, he spent 12 years at Goldman Sachs, during which he worked on the bank loan and distressed investing desk, in addition to the special situations group. He left his role as managing director at the business in January 2012.

It is also understood BC has appointed Wingspan Investment Management's Matthias Ederer and Stonerise Capital Partners' Henry Wang to the credit team, both of whom worked alongside Goldthorpe during his time at Goldman Sachs. Wang has joined BC with immediate effect, while Ederer will join the firm in April 2017.

The appointment of Goldthorpe and launch of BC's credit arm comes shortly after the firm appointed Alex Ismail, formerly president and CEO of Honeywell Automation and Control Solutions, as managing partner in its New York office.

Editor's note: BC Partners is the owner of Mergermarket Group, the parent company of unquote".

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