AIP Partner Aingorn leaves firm to join Crestline

  • Aingorn joined AIP in 2015
  • Formerly worked at BTG Pactual
  • Also worked at Lehman Brothers

Michael Aingorn, a partner at American Industrial Partners, left the firm in April and joined Crestline Investors, a spokesperson for Crestline confirmed.

Aingorn joined Crestline as a managing director, his LinkedIn profile said. He will focus on liquid credit, the spokesman, Dmitriy Ioselevich, said.

Aingorn had joined AIP in 2015. Previously, he was a portfolio manager in leveraged loans and special situations at BTG Pactual Asset Management. He also was a senior vice president at Plainfield Asset Management, where he led investments in public and private leveraged loans, bonds, rescue financings and trade claims, a cached version of his biography on AIP’s website shows.

Earlier in his career, Aingorn worked at Wellspring Capital Management and investment banking at Lehman Brothers.

An AIP spokesperson did not respond to a request for comment.

AIP, formed in 1989, closed its seventh fund at its $3 billion hard cap, the firm said April 1. Crestline, meanwhile, closed Crestline Specialty Lending Fund II on more than $800 million, the firm said in December.

Action Item: Check out Crestline’s Form ADV here: