Pardus Capital Management, a New York-based alternative investment manager, has appointed Dean W. Crowder III as director of business development.
Crowder is responsible for leading Pardus’s overall marketing efforts and managing its investor relationships.
He will also assist in the firm’s strategic business positioning as the Pardus team leverages its experience in approximately USD100bn of restructurings.
Pardus employs an active approach to debt and equity investments, primarily in the US, Western Europe and Latin America.
“We are pleased to welcome Dean to Pardus as we enter a market cycle of what we believe will be an unprecedented opportunity for distressed and post-reorganised equity investing,” says president and chief investment officer Karim Samii. “Pardus will benefit from Dean’s longstanding relationships and his twenty years of experience working with global institutions, consultants and private bankers to incorporate absolute return strategies into their asset allocations.”
“I was attracted to Pardus’s unwavering commitment to excellence, not only as a disciplined and rigorous investor, but also in its steadfast approach to relationships with clients and portfolio company management teams,” adds Crowder. “Pardus maintains a unique position in the current market environment, where proven activist, restructuring and work-out experience is essential.”
Before joining Pardus, Crowder was marketing director at Vicis Capital with responsibility for the firm’s institutional introductions in the Americas, Asia and much of Europe.
Previously, Crowder was with Alpha Investment Management, which was later acquired by Safra Asset Management, where he established a global institutional distribution platform for the firm’s proprietary hedge fund of funds and single hedge strategies.
