NEW YORK, Jan. 8, 2013 /PRNewswire/ -- Sound Harbor Partners LLC ("Sound Harbor") today announced that it acquired the management contracts on over $1 billion of leveraged loans. Sound Harbor Partners is an alternative investment firm that provides private credit to U.S. businesses. This transaction furthers Sound Harbor's objective to grow its credit-focused investment platform by expanding its client base, investment talent and assets under management.
Dean Criares joins Sound Harbor Partners as a Partner and Chairman of the SHP Loan Funds business. He has over 25 years of investment experience originating, structuring, syndicating and managing leveraged loans and bonds. Prior to joining Sound Harbor, Mr. Criares served as Senior Managing Director and Partner of The Blackstone Group from 2002-2010. Mr. Criares founded Blackstone Debt Advisors in 2002 and served as Co-Head of the GSO Debt Funds Group from 2008-2010 where the team was responsible for approximately $15 billion of loan assets under management.
Commenting on the announcement, Dean said, "I am excited about joining the Sound Harbor team. Mike Zupon and I have a 25 year professional relationship including seven years as co-workers. Completion of this transaction is an important step for Sound Harbor's growth plans and vision of becoming a leading alternative credit investment firm."
Sound Harbor's Loan Funds strategy continues to be managed by William (Bill) Lutkins, Thomas (Ned) Bancroft and a team of seasoned investment professionals. Commenting on the transaction Bill said, "The entire Loan Funds team is enthusiastic about the future of our business with Sound Harbor and the enhanced resources to assist our clients in achieving their investment objectives."
Kaye Scholer LLP served as an legal adviser to Sound Harbor.
About Sound Harbor Partners LLC
Sound Harbor Partners, (New York, NY and Stamford, CT) is an alternative investment firm that provides private credit to U.S. businesses. Sound Harbor invests in secured loans, senior debt, subordinated debt and equity securities. For more information, visit www.soundharbor.com.
Media Contact: Krista Gutierrez, Sound Harbor Partners, 212-231-4200, firstname.lastname@example.org
SOURCE Sound Harbor Partners LLC