NEW YORK, April 8, 2014 /PRNewswire/ --DW Investment Management, LP ("DWIM"), a $6 billion global multi-strategy credit management firm, today announced that Joel Biran and John Buck, former Managing Directors at Versa Capital, have joined the firm's Distressed Corporate team.
Biran and Buck represent senior additions to DWIM's existing team and bring expertise in rescue finance, middle market lending, turnarounds and other operationally intensive workout and distressed-for-control situations. The new additions will focus on expanding DWIM's stressed and distressed corporate credit efforts, with an emphasis on investments in distressed and underperforming middle market companies.
"Joel and John have a breadth and depth of experience originating, structuring, and managing investments in troubled companies," said David Warren, the firm's founder and Chief Investment Officer. "We are very excited to add both of them to our team and are confident their expertise will expand the spectrum of investment opportunities for DWIM and generate enhanced value for our investors."
Prior to joining DWIM, Biran and Buck were Managing Directors at Versa Capital Management where they focused on control investments in distressed middle market companies. Before his time at Versa, Biran pursued a similar investment strategy while at American Capital. He received his M.B.A from the Harvard Business School and earned a B.A. in Economics and Accounting at Tel Aviv University.
Prior to Versa, Buck was a member of the private equity team at New York-based Cerberus Capital Management. He was a co-founder of TenX Capital, a Cerberus partnership that focused on control investments in underperforming technology, telecommunications, and business services companies. He is a graduate of the University of Pennsylvania, where he earned a B.S. in Engineering, and Temple University, where he received an M.B.A. with Distinguished Honors, Beta Gamma Sigma.
About DW Investment Management, LP
DW Investment Management, LP was founded in 2009 by David Warren and today has 42 employees. The firm uses a multi-strategy approach to investing, focusing predominantly on credit instruments ranging from distressed and performing corporate credit to structured and asset-backed securities, with a focus on absolute return. DW Investment Management, LP is the investment manager of the Brevan Howard Credit Value Fund and the Brevan Howard Credit Catalysts Fund.
SOURCE DW Investment Management, LP
