Steadfast Alcentra Global Credit Fund Names Michael Tamasco President
Steadfast Alcentra Global Credit Fund, an unlisted closed-end fund, has named Michael Tamasco president of the fund to oversee its day-to-day management.
The fund is advised by Steadfast Investment Adviser LLC, an affiliate of Steadfast Companies, and sub-advised by Alcentra NY LLC, a BNY Mellon investment boutique. Tamasco will also serve as president of the advisor to help Steadfast expand in the direct equity and debt markets.
Before joining the Steadfast Alcentra team, he previously served as managing director of Optima Fund Management, one of the oldest hedge fund and multi-product alternative investment firms in the industry. He was also a member of the firm’s management committee and head of North American business development.
“Michael is a proven leader in the financial services arena, with a wealth of knowledge and experience in both the United States and internationally,” said Christopher Hilbert, president of Steadfast Companies. “He is the ideal person to serve as president of Steadfast Alcentra Global Credit Fund, and I trust he will lead the fund to become an active global leader in the alternative investment space.”
Prior to Optima, Tamasco was co-head of Rothschild Asset Management US and global co-head of distribution for the $50 billion global asset management businesses of the Rothschild Group. Earlier in his career, he worked in a number of senior roles with Lazard Asset Management, PaineWebber Incorporated, and Sanwa Securities (USA).
As previously reported by The DI Wire, Steadfast teamed up with Alcentra earlier this year to organize the fund, with Alcentra sourcing and actively managing the fund’s direct lending investments.
Steadfast Alcentra Global Credit Fund’s $3 billion offering was declared effective by the SEC in May 2017 and will focus on providing financing solutions to lower middle-market and middle-market companies in the form of floating and fixed rate senior secured loans, second lien loans, and subordinated debt.