GoldenTree Asset Management, a global credit focused investment firm with approximately $55bn in AUM, has hired Sam Friedland as Principal and Head of Real Estate Credit Origination — a newly created role.

Friedland will be based in the firm’s New York office and will report to Lee Kruter, Partner and Head of Performing Credit. He has joined from Related Fund Management, where he was Managing Director.

GoldenTree, which was founded by Steve Tananbaum, specialises in credit opportunities across high yield bonds, leveraged loans, private credit, distressed debt, structured credit, emerging markets, real estate and credit-themed equities.