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Allied Lays Off Head of Asset Management

Allied Capital, the struggling business development corporation, continues, as announced, to explore the sale of assets to pay for the expensive private debt restructuring it announced weeks ago.

That may be related to the news we learned yesterday: Rob Long, the head of Asset Management for the firm, has left the company. Long joined Allied in 2002 after serving as managing director and head of investment banking at C.D. Unterberg and holding management roles at Bank of America, Nomura Securities and CS First Boston. The company’s asset management business includes AllBridge Financial, Calder Capital Partners, and Callidus Capital Corp.

You can view his cached Allied Bio here. As always, we welcome further information on Allied via anonymous tipdrop…