Brett Graffy has joined Aksia as managing director, private credit, at the firm’s Chicago offices — and his commute will not be changing that much, as he had been associate director for alternatives at Chicago-based Marquette Associates since 2019.
During his time at Marquette, Graffy focused on private credit, educating clients on the rise of direct lending as bank participation in U.S. credit markets decreased. As he joined Marquette, more institutional portfolios were evolving to include direct lending and private credit and alternative credit opportunities such as asset-backed financing.
It is unclear who will be replacing Graffy at Marquette.
Aksia has been active in private credit offerings, including a partnership with Calamos in offering a registered fund. The New York-based consulting firm has $98 billion in assets in credit, which includes $14 billion in discretionary assets.
The credit team at Aksia is led by Timothy Nest in New York. Nest, who has been at the firm since 2015, has over 22 years of experience in alternative investments, with a primary focus on private markets and credit. He oversees the global private credit investment research platform and works with a broad group of global investors focused on the private credit asset class.