Peak Rock hires Oaktree’s Basso

Peak Rock Capital announced that Nicholas Basso has joined as managing director focused on credit investments at the Austin, Texas-based firm. He is expected to lead Peak Rock’s investments across corporate credit and grow the firm’s credit franchise. Today the $1.8 billion firm’s platform focuses on creative debt financings that require speed and certainty of execution. Basso had been managing director in the strategic credit group at Oaktree Capital Group, where he led investments in private credit, in addition to investing in various types of secondary opportunities. While at Oaktree, he helped to oversee the growth of the strategic credit strategy from inception to more than $5 billion in AUM. “I am thrilled to join such a strong team at a compelling time in the credit markets,” Basso said in a statement. “Peak Rock has built an exceptional platform and culture with a proven ability to invest in situations requiring creative or complex financing solutions, which will prove particularly valuable in this market environment.” According to Peak Rock CEO Anthony DiSimone the addition of Basso comes as the firm is seeing a significant increase in the number of the attractive credit opportunities. “His deep experience across numerous sectors of the credit market will help to further expand our capabilities in the non-control debt space,” DiSimone said.

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