Leland Hart joins Alcentra
LONDON, and NEW YORK, and HONG KONG, January 8, 2018
Alcentra, the alternative fixed income specialist for BNY Mellon Investment Management (IM), today announced the appointment of Leland Hart as Managing Director and Head of US Loans and High Yield. He will report to Vijay Rajguru, Global Co-Chief Investment Officer.
Leland will lead Alcentra’s 16-people investment and research team located in New York and Boston. He will be working closely with Chris Barris, Kevin Cronk and Frank Longobardi in their ongoing roles as portfolio managers for loan, high yield and multi-strategy funds. Alcentra’s US liquid credit platform has experienced strong growth with current assets under management of $12.5 billion1 across a range of CLOs, mutual funds, commingled funds and separately managed accounts.
Leland joins Alcentra from BlackRock Investment Management, where he was a Managing Director having joined in 2009. As head of loans and CLOs, he had primary responsibility for investing, fundraising and managing the firm’s loan business, including mutual funds, CLOs, and separate accounts. He was also co-head of the global infrastructure debt group. Prior to BlackRock, Leland was a Managing Director in the Leveraged Capital Markets Group of Lehman Brothers, where he worked for eight years. He started his career as a banker at Continental Bank and following the bank’s merger with Bank of America, he joined Bank of America’s high yield group.
David Forbes-Nixon, Chairman and Chief Executive Officer for Alcentra, said: “Leland is a recognized industry leader and well known to many of us at Alcentra, and we are excited about him joining the firm. He brings deep experience, knowledge and relationships, as we look to continue the growth of our U.S. business platform.”
Alcentra NY, LLC and Alcentra Limited are part of a global asset management firm with assets under management of approximately $34.7 billion2. Alcentra has an investment track record that dates back to 1998. Strategies include: senior loans, high yield bonds, direct lending, structured credit, special situations, and multi-strategy credit. Alcentra is a subsidiary of The Bank of New York Mellon Corporation and is headquartered in London, with offices in New York and Boston.