Angelo Gordon has named David Blum as a managing director. In his new role, Blum is responsible for originating and managing the Firm’s commercial real estate loan investments. Previously, Blum was a managing director and portfolio manager at GTIS Debt Capital Management.
NEW YORK, NY – December 9, 2019 – Angelo, Gordon & Co., L.P. (“Angelo Gordon” or the “Firm”), a $36 billion alternative investment firm focused on credit and real estate investing, announced today that David Blum has joined the Firm as a managing director. In this role, Mr. Blum is responsible for originating and managing the Firm’s commercial real estate loan investments. Based in New York, Mr. Blum reports to Co-Head of Structured Products and Head of Commercial Real Estate Debt Andrew Solomon.
“David is a seasoned professional whose deep industry and lending experience will be integral as we continue to build on our commercial real estate debt business,” said Mr. Solomon. “We believe his originations and underwriting expertise will be valuable assets for our team, as they will improve our ability to source and execute on investment opportunities in the space.”
“We are pleased to welcome David to the Firm, as this expansion of the Commercial Real Estate Debt team further enhances our broader real estate platform,” added Co-Chief Investment Officer and Head of Real Estate Adam Schwartz.
“Angelo Gordon has an impressive commercial real estate business backed by an established global real estate platform, and it is an honor to join such a respected group,” said Mr. Blum. “I look forward to working with the team to support the strategy.”
Mr. Blum comes to Angelo Gordon with over 20 years of experience in the real estate industry. He most recently served as a managing director and portfolio manager at GTIS Debt Capital Management (“GTIS DCM”), where he oversaw a real estate debt platform focused on mezzanine investments, whole loans, and structured products. Prior to joining GTIS DCM in 2017, Mr. Blum was the co-head of LStar Capital, the commercial lending arm of The Lone Star Funds. He previously spent over 11 years at Capmark Finance, ultimately serving as a senior vice president overseeing a large and diverse portfolio of transactions across all major commercial real estate asset classes and markets. Mr. Blum started his career as a management consultant in PricewaterhouseCoopers’ retail strategy consulting group.
Established in 2006, Angelo Gordon’s Commercial Real Estate Debt platform currently manages approximately $3.1 billion and has actively and successfully participated in the commercial debt markets for over a decade, purchasing over $18 billion of higher yielding debt to date. The Firm’s Commercial Real Estate Debt team primarily focuses on commercial mortgage-backed securities in the United States and has the ability to invest up and down the capital structure as well as in loans and other related assets. The team seeks to identify pricing inefficiencies by conducting fundamental analysis of underlying loans, supplemented by real-time market intelligence from Angelo Gordon’s broader real estate platform and network of local operating partners.
ABOUT ANGELO, GORDON & CO., L.P.
Angelo, Gordon & Co., L.P. (“Angelo Gordon”) is a privately held limited partnership founded in November 1988. The Firm currently manages approximately $36 billion with a primary focus on credit and real estate strategies. Angelo Gordon has over 500 employees, including more than 200 investment professionals, and is headquartered in New York, with associated offices elsewhere in the U.S., Europe, and Asia. For more information, visit www.angelogordon.com.