Intermediate Capital Group continues its efforts to expand its North American debt operations, recently bringing on four industry veterans, according to a press release issued by the company today.
These new hires will all be based in the U.S. and represent the firm's growing interest in collateralize loan obligations.
Seth Katzenstein joins ICG as a managing director in the firm’s North American debt business and will serve as portfolio manager for syndicated loan products, particularly focused on collateralized loan obligations. Prior to joining ICG, Katzenstein was a managing director and portfolio manager at Black Diamond Capital Management. He has also held positions as senior managing director and portfolio manager in the U.S. leveraged Loan business at GSC Group.
Brian Spenner joined ICG earlier this year as a managing director in the firm’s North American debt business. Previously, Spenner worked for The Blackstone Group with Salvatore Gentile, head of ICG's North American operations. Spenner and Gentile were founding members of Blackstone’s corporate debt group. With 19 years of investment experience, Spenner has also held positions, primarily in the origination and execution of private debt transactions, at SAC Capital, BancAmerica Securities, and Nomura Securities.
ICG also recently hired Michael Sproul and Robert Kiesel as principals in the firm’s North American debt business.
Sproul previously worked as a member of Blackstone’s corporate debt group. Kiesel previously worked at HD Capital, Fifth Street Capital, and ORIX Merchant Banking where he was responsible for sourcing, executing and managing middle market debt investments.
“ICG has ambitious growth plans for its North American operations and hiring the right talent is essential in working towards achieving our goals," said Gentile. "This is an exciting time to develop a credit business."
Intermediate Capital Group is a U.K. specialist investment firm and asset manager providing mezzanine finance, leveraged credit and partnership equity, managing €13 billion ($17 billion) of assets in proprietary capital and third party funds. It has offices in London, Paris, Madrid, Singapore, Stockholm, Frankfurt, Amsterdam, Hong Kong, Sydney and New York.