Strategic Value Partners announced that Ranji Nagaswami has joined the firm as a managing director and will serve on the firm’s 16-person management council.
She joined the SVPGlobal Advisory Council earlier this year and transitioned to the full-time role of chief strategy and chief commercial officer in October.
Most recently, she was CEO and board director at OCIO firm Hirtle Callaghan. She also served as the chief investment officer to New York City Mayor Bloomberg and spent 10 years at AllianceBernstein, where she was CIO of the firm’s multi-asset and retail investment businesses.
In September, the $9.8 billion firm closed the Strategic Value Dislocation Fund, L.P., a custom mandate with more than $1.65 billion of investor commitments, to address investment opportunities created by the recent market dislocation. The new custom mandate complements and adds flexibility to SVPGlobal’s Strategic Value Restructuring Fund and its Strategic Value Special Situations funds.
Officials said that having worked with SVPGlobal initially on a consultative basis, she is already deeply integrated across the firm. Nagaswami will work directly with Founder and CIO Victor Khosla on strategic initiatives to ensure the firm maintains its growth and excellence as a leading alternative investor.
“In partnering closely with Ranji over the past six months, we quickly recognized her skills as an exceptional investment industry leader and, importantly for us, her fit with our culture,” said Khosla.
Nagaswami will continue to support the firm’s non-investment areas, specifically the infrastructure and investor relations team, with the aim of broadening and deepening the firm’s strategy client relationships. However, she will also co-head the firm’s ESG committee and partner with human resources to advance inclusion and diversity initiatives.