Cerberus Business Finance, LLC, the direct lending affiliate of Cerberus Capital Management, L.P., announced today that Andrew Woolford will join the firm as a Managing Director in its New York office, starting in May 2017.
In this role, Mr. Woolford will manage Cerberus Business Finance's capital markets activities, including the acquisition of performing secondary loans within both the private middle-market and broadly syndicated loan spaces. He joins from Jefferies LLC, where he spent 13 years, most recently as the head of leveraged loan sales.
Keith Read, President of Cerberus Business Finance, said, "We are very pleased to welcome Andrew to the team. He has deep relationships with many institutions participating in the U.S. middle-market, which will greatly enhance our pipeline of investments and further develop our extensive network of clients."
Mr. Woolford stated, "I am excited to be joining Cerberus Business Finance and look forward to working with this talented team, many of whom I have known both personally and professionally for many years. They have a well-established direct lending platform with a successful track record, spanning over 22 years, and I see an extraordinary opportunity to drive future growth by expanding and deepening Cerberus Business Finance's position in the market."
Prior to Jefferies, Mr. Woolford spent a combined 21 years in leveraged finance roles at CIBC World Markets, Morgan Stanley, Bankers Trust (BT Securities), and Chemical Bank. He earned a Bachelor of Arts from Middlebury College and a Master of Business Administration from the Wharton School of the University of Pennsylvania.
About Cerberus Business Finance, LLC
Cerberus Business Finance, LLC currently manages over $13 billion of capital dedicated to its middle-market direct lending business. In 2016, Cerberus Business Finance completed over 70 transactions, primarily as lead agent, totaling $5.3 billion of credit facilities. Beginning in 1995 with predecessor entities, Cerberus Business Finance has managed funds and accounts focused on the direct origination of senior secured loans predominantly to U.S. middle-market companies across broad industry categories. The vast majority of Cerberus Business Finance's borrowers are owned by private equity sponsors, most of whom are repeat clients. Since the founding of its direct lending business, Cerberus Business Finance has deployed over $20 billion in the U.S. middle-market.
About Cerberus Capital Management, L.P.
Established in 1992, Cerberus Capital Management, L.P. is one of the world's leading private investment firms. Cerberus has more than US $30 billion under management invested in three complementary strategies: global credit opportunities (which includes non-performing loans, corporate credit & distressed debt, mortgage securities & assets, and direct lending); private equity; and real estate. From its headquarters in New York City and network of affiliate and advisory offices in the U.S., Europe and Asia, Cerberus has the on-the-ground presence to invest in multiple asset classes globally.
