Bain, KPS execs join SVPGlobal ranks

Strategic Value Partners (SVPGlobal) announced new hires on its portfolio operations team, with David Peck and Paul Marchand joining as managing directors. The pair join the $9.8 billion distressed debt and private equity firm as it scales its team to match the controlling interests it now has in nine companies with about 15,000 employees. Both men will serve as members of SVPGlobal’s 16-person management council. The hires follow former Hirtle Callaghan CEO Ranji Nagaswami joining the firm as a managing director and she is also serving on the firm’s management council. “While SVPGlobal has long focused on operational excellence, we are always seeking to add to our capabilities in order to build great businesses,” said Victor Khosla, SVPGlobal founder and CIO. “We are excited to add David and Paul to the leadership of the Portfolio Operations team as we seek to drive strong outcomes for the companies currently in our portfolio, and as we look to capture new investment opportunities created by the recent market dislocation.” In September, the 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. Peck was named head of the North American Portfolio Operations Team for SVPGlobal, joining from private equity firm KPS Capital Partners, where he was managing director of portfolio operations and a senior member of the firm’s operations group. In Europe, Marchand, a new senior operating partner, joined SVPGlobal earlier this year from Bain Capital Private Equity, where he was a senior professional in that firm’s portfolio and operations group over the past 11 years. The SVPGlobal Portfolio Operations team now totals 9 professionals globally, working to drive improvements in strategy, customer growth and other areas of performance across the firm’s portfolio. SVPGlobal has invested more than $30 billion of capital since inception in 2001, including $14 billion in Europe, where it was among the earliest U.S. firms in the distressed arena to establish a presence, opening in London in 2004.

Bain, KPS execs join SVPGlobal ranks

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