Adams Street Partners has expanded its private credit team, building on the launch of the strategy by former Oaktree Capital executives Bill Sacher and Shahab Rashid in January 2016.
Frederick Chung, formerly a vice president at Goldman Sachs, has been appointed as a principal. Chung will be responsible for all aspects of the investment decision-making process, including sourcing, structuring, and reviewing deal opportunities, as well as participating in deal term negotiations.
Thomas Petty, formerly an associate at Morgan Stanley, has joined as a senior associate.
Michael Allen and Emily Shiau, previously analysts at JP Morgan Chase and Alvarez & Marsal, respectively, have joined the team at the Associate level.
All three will be responsible for supporting senior members of the private credit team, as well as participating in business due diligence, industry review, document negotiation and portfolio management.
All four new team members will be based out of Adams Street's Manhattan office, and will report to Sacher and Rashid.
"We are thrilled to welcome such a talented group of credit professionals to the team and the firm. With our deeply experienced team now in place, we will be well-positioned to provide one stop debt financing to the private equity community and quality credit investments to our clients," says Sacher.
"We are very excited to expand the private credit team and are thrilled to add such quality individuals who share our vision and passion for the strategy. Not only are Fred, Tom, Emily and Mike a great cultural fit, their background and experience in the credit space will help us deliver superior results to our clients," adds Rashid.
