Appoints Shahab Rashid as Managing Associate and Co-Head of Personal Credit score

GREENWICH, Conn., July 12, 2022 /PRNewswire/ — L Catterton, the most important international consumer-focused personal fairness agency, at the moment introduced it has established a non-public credit score platform and appointed trade veteran Shahab Rashid as Managing Associate and Co-Head of Personal Credit score. Mr. Rashid will lead L Catterton’s efforts within the international various credit score area by establishing the agency’s direct lending technique that may present versatile debt options to personal equity-backed, middle-market firms.

“Launching a non-public credit score technique is a pure extension of L Catterton’s confirmed mannequin and can strengthen our place because the associate of selection for firms looking for versatile capital options,” mentioned Scott Dahnke, World Co-CEO of L Catterton. “We’re excited to welcome Shahab, who brings many years of credit score investing expertise to assist us construct a complete personal credit score functionality that enhances our 33-year historical past in making personal fairness investments.”

Mr. Rashid joins L Catterton with greater than 20 years of expertise within the personal credit score and leveraged finance industries. Previous to becoming a member of L Catterton, Mr. Rashid was a Associate & Co-Founding father of the Personal Credit score Group at Adams Road Companions. On this position, he was answerable for main the build-out of the personal credit score enterprise, together with growing the technique, recruiting and managing the group, heading the fundraising efforts, and approving funding alternatives. Earlier than becoming a member of Adams Road, Mr. Rashid was a Managing Director within the U.S. Personal Debt Group at Oaktree Capital Administration, the place he led the group in investing throughout the capital construction in personal equity-backed, middle-market firms. He began his profession within the Leveraged Finance Group at Salomon Smith Barney / Citigroup.

“Our unparalleled fame and deep trade insights place us to efficiently develop our franchise in complementary methods like personal credit score,” mentioned Michael Chu, World Co-CEO of L Catterton. “Leveraging our international sourcing energy and robust relationships with lenders, banks, entrepreneurs, and different personal fairness corporations all over the world, we’re poised to supply a broader vary of merchandise that ship the sturdy risk-adjusted returns for which we’re recognized.” 

“Because the personal credit score market continues to develop, L Catterton is well-positioned to leverage its differentiated capabilities to not solely be a value-added associate to personal fairness sponsors and middle-market companies, but additionally generate engaging risk-adjusted returns for our traders,” mentioned Shahab Rashid. “I’ve lengthy admired L Catterton for its standing throughout the trade and I look ahead to serving to the agency construct a world-class personal credit score enterprise.”

About L Catterton

With greater than $33 billion of fairness capital throughout its fund methods and 17 workplaces all over the world, L Catterton is the most important international consumer-focused personal fairness agency. Leveraging deep class perception, operational excellence, and a broad strategic community of relationships, L Catterton’s group of practically 200 funding and working professionals assist administration groups all over the world in constructing sturdy, category-leading manufacturers. Since 1989, the agency has made roughly 250 investments in shopper companies. For extra details about L Catterton, please go to lcatterton.com.

Media Contact:

L Catterton

Julie Hamilton
Managing Director, Agency Communications
[email protected]
203.742.5185

SOURCE L Catterton