Praesidian bolsters team with MD hire

Wes Owen joins the firm to focus the SME lending specialist to focus on business development.

Private debt fund manager Praesidian Capital has appointed a new managing director, the firm confirmed on Monday in a statement.

Wes Owen joins the firm from Fuel Break Capital and G2 Capital Advisors, where he worked as a director of capital markets and financial institution coverage for about 500 credit-focused and private equity funds, the firm said.

Praesidian founder and managing partner Jason Drattell  said in a statement: “Wes will focus on business development resulting from his years in the financial services industry and corporate management in the US and UK … as we continue to expand our footprin in the debt arena.”

Between 2007 and 2012, Owen headed the credit team at Patriarch Partners, a $5 billion private debt and equity group which focused on distressed investments. He was involved with Patriarch's four primary extensions of its platform via acquisition during that time. Prior to that, he was general manager at Volex in the UK and China.

Praesidian provides senior and subordinated debt to SMEs in the US, UK and Germany, and currently manages more than $900 million.