Praesidian adds principal from fashion company

 Michael Peroni previously worked at a credit hedge fund and several banks.  

Praesidian Capital, the New York-based mid-market lender, has hired Michael Peroni as principal, the firm announced last week (2 October). Peroni will work on portfolio monitoring, financial analysis and new deal execution, Jason Drattell, founder and managing partner at Praesidian, said in a statement.

Prior to joining Praesidian, Peroni was a chief financial officer at S.L. Fashions Corp. where he directed financial planning and business operations for five years. Before that, he worked as an associate in asset management at D.B. Zwirn & Co., the credit hedge fund that shut down in 2008 amid a probe into accounting irregularities and misappropriation of client money.

While at the hedge fund, which also specialized in corporate lending, Peroni managed 20 private corporate investments for a little over a year. Before D.B. Zwirn, he has also held various junior roles at Citibank, JPMorgan and Sands Brothers & Co.

Praesidian Capital is private investment firm focused on providing senior and subordinated debt, as well as growth capital, to private lower mid-market businesses in the US, UK, Germany and selectively in Northern Europe. The firm invests in established, small and mid-sized companies often in connection with management buyouts, recapitalizations and refinancings.

Praesidian is headquartered in New York and has another office in London. It handles $1 billion in committed capital.