Angelo, Gordon & Co., a $28 billion alternative investment firm focused on credit and real estate investing, announced that Steven Paget will be joining the firm as a Managing Director and Portfolio Manager, European Performing Credit.  In this new role, Paget will lead the build out of Angelo, Gordon’s European performing credit business with a focus on developing the firm’s European Collateralized Loan Obligation (CLO) platform and investing in the debt and equity tranches of third party CLO managers. Based in London, Paget will report to Dan Pound, Head of Europe, and Maureen D’Alleva, Head of Non-Investment Grade Corporate Credit.

Paget most recently served as a Portfolio Manager on the European Leveraged Finance team at PGIM Fixed Income, where he managed high yield bonds and bank loans across European and Global mandates, with specific responsibility for managing the European Dryden Collateralized Loan Obligation platform.

“Steve is a seasoned structured credit executive, whose deep understanding of the high yield bond and leveraged loan markets, and significant experience structuring, managing and executing European CLO transactions, will add tremendous value to Angelo, Gordon as we seek to scale and strengthen our European performing credit business for our global clientele,” said Mr. Pound and Ms. D’Alleva. “The build out of our European performing credit business is the natural next step in the growth and diversification of our global credit platform, and we are thrilled to have someone of Steve’s caliber join the Angelo, Gordon team to manage this effort.”