Investcorp appointed Suhail Shaikh to the role of co-head of the $50 billion firm’s private credit business alongside Mike Mauer. Current Co-Head Chris Jansen will take on an advisory role with plans to retire later this year after ensuring a smooth transition.
Shaikh brings along with him $200 million in assets under management and three team members from his previous firm, Alcentra. The additions grow the Investcorp private credit team to 14 professionals and team-managed assets to roughly $500 million, officials said.
“We are pleased with the strong momentum in Investcorp’s private credit business and I want to personally thank Chris for his partnership and all his contributions,” said Mauer. “Over the past months, we have expanded our product base and the addition of Suhail and his team’s expertise will only elevate our underwriting and sourcing capabilities, which will be additive to our platform.”
The announcement follows Investcorp’s acquisition of Marble Point Credit Management, a U.S.-based CLO manager.
Shaikh led Alcentra’s U.S. private credit business and before that he was a partner and senior investment professional at SLR Capital Partners (formerly Solar Capital Partners).
“My team and I are excited to be part of Investcorp’s growth, and looking forward to contributing our resources, pursuing new opportunities, and continuing to build out Investcorp’s private credit business alongside Mike whom I have known for over 25 years in the industry as a former colleague and a market participant,” Shaikh said. Mauer joined Investcorp in 2019 as part of the acquisition of CM Investment Partners LLC.