GREENWICH, Conn., May 16, 2016 /PRNewswire/ -- Balbec Capital LP, a global private investment firm, ("the Firm") announced that Ed Benison has joined the Firm as Managing Director of Portfolio Operations. In this role, Mr. Benison will be responsible for the Firm's Asset Management functions around the world including: Systems & IT, Operating Compliance, and Portfolio Performance.
"Having worked with Ed over the past 20-plus years, I can think of no one better to help us manage our growing global investment platform," said Charles Rusbasan, Chief Executive. "Ed's background and experience make for an even stronger management team at Balbec," added Warren Spector, Co-Chairman.
Prior to joining Balbec Capital LP, Mr. Benison has a distinguished 21-year career with Bear Stearns Max Recovery, the last seven years operating under the JP Morgan umbrella as a Managing Director. As a result, he brings a considerable amount of expertise and a different perspective to Balbec Capital.
About Balbec Capital LP
Balbec Capital is a global private investment firm with expertise in sourcing, acquisition and asset management of distressed credit investments. Founded in 2010, Balbec has to date raised nearly $800 million across two funds and has completed investments in eleven countries. The management team has been involved in the purchase, valuation, and management of portfolios of distressed receivables subject to insolvency plans, as well as the development of international insolvency sales markets since 1992. Balbec Capital is an affiliate of the Starwood Capital Group.
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SOURCE Balbec Capital LP