Ryan Labs Asset Management Inc. has created a leveraged finance division and hired a five-member group with experience in managing senior loan portfolios and third-party managed collateralized loan obligation investments.
Mark Pelletier will head up the group as senior managing director, while Michael Cerullo, Christian Toro, Dana Dratch and Juan Miguel Estela will join as managing directors. The team of five had previously worked as senior members at American Capital Leveraged Finance Management LLC.
Ryan Labs earlier expanded its client relationship team by hiring John Linder as managing director for marketing and client strategy and Robert Shrekgast as director for marketing and client strategy. It also promoted Melissa Spadafora to the role of relationship management director.
The company is starting its U.S. senior loan strategy with $100 million in initial seeding from Sun Life Financial Inc. It is part of the Sun Life Investment Management group of companies and manages total return fixed-income and liability-driven investing strategies for U.S. defined benefit pension plans and other institutional investors.
