Collateralised loan obligation manager Pretium Partners has added a new face to its credit arm after bolstering its debt group earlier this year through a purchase of CLO assets.
The New York-based firm hired Gil Tollinchi as a managing director and senior portfolio manager – roles in which he will oversee Pretium’s bank loan book in both CLOs and other funds with those investments, the firm said in a statement.
Tollinchi was previously at Nomura Securities as a managing director, and prior to that was head of business development for Golub Capital’s broadly syndicated loan desk. He also headed bank loan trading at Crescent Capital Group.
Pretium has pushed further into credit this year with the purchase of two CLOs from NewMark Capital, which total approximately $750 million.
The firm has priced two of its own CLOs this year as well: Crown Point CLO 4, a $458 million deal priced in February, and Crown Point CLO 5, a $405.88 million deal priced in June.
Last year, Pretium purchased Valcour Capital Management and appointed Jerry Ouderkirk, formerly of Goldman Sachs, as head of structured credit.
In addition to corporate credit, the firm also invests in nonperforming mortgage loans. It manages $2 billion in leveraged loans and related assets.