First Avenue promotes partners in Dallas, New York

Brian Price and Chris Tehranian have been named partners at the placement agent, while Hannah Mudge has been promoted to vice president.

First Avenue has tapped two new partners within its US business – Brian Price and Chris Tehranian, who joined the placement agent in 2014 and 2017, respectively – and promoted Hannah Mudge to vice president, the London-based firm said Tuesday.

Price is based in Dallas, while Tehran and Mudge are located in New York.

Price, formerly of Highland Capital Management, now leads First Avenue’s distribution efforts in the Midwest and eastern US. Tehranian, who joins from Meketa Investment Group, and Mudge, who previously worked in the healthcare sector, work in project management for the firm. Tehranian focuses on fund due diligence and prepping financial firms for fundraising.

“The Americas has always been and will continue to be a critical region for First Avenue,” chief executive and managing partner Paul Buckley said in a statement. “These partner promotions mean we now have a regionally balanced business at the top with a core group of partners.”

Current fund mandates for First Avenue include Summit Partners Credit Fund III, which is seeking $1.75 billion, and Standard General’s SG Special Situations. Previous fund mandates include Benefit Street Partners Senior Secured Opportunities Fund, Permira Credit Solutions Fund III and Crescent Mezzanine Fund VII.