GoldenTree Asset Management, a global asset management firm with approximately $55 billion in assets under management, announced the hiring of Avineet Punhani as Principal. He will be based in the firm’s New York office and will report to Grady Frank, Partner and Head of Private Credit Origination. Punhani brings to GoldenTree nearly 15 years of credit expertise alongside his robust private equity relationships. He joins GoldenTree from PNC Financial Services, where he served as a Managing Director with responsibilities that included leading their global origination efforts in the technology industry.

“Throughout our 25-year history, GoldenTree has been a leader in developing innovative private credit solutions, consistently delivering value to issuers and private equity sponsors. This success has created compelling investments for our funds. We are excited to welcome Avi to our team, and are confident that his expertise will enhance our relationships with private credit issuers,” said Grady Frank.

Lee Kruter, Partner and Head of Performing Credit added, “GoldenTree’s deliberate, investment-centric approach sets us apart from our peers. In today’s uncertain economic and market environment, we believe GoldenTree is uniquely positioned, given our broad reach across credit asset classes, our experienced investment team, and our expertise in analyzing complex transactions. We look forward to growing our team and expanding our capabilities to continue delivering differentiated value to our investors.”

Punhani said, “GoldenTree’s diverse industry expertise, expansive capital base and ability to structure unique transactions swiftly and at scale create a truly differentiated value proposition. I am thrilled to join GoldenTree’s leading private credit platform and collaborate with Grady, Lee and this talented team to further enhance our market presence, deepen our relationships with key stakeholders and create attractive investment opportunities that can continue to drive differentiated returns for our investors.”