Capitala Group has hired Peter Sherman as chief risk officer. Sherman is a former partner at Brevet Capital.
CHARLOTTE, N.C.–(BUSINESS WIRE)–Capitala Group, a provider of capital to lower and traditional middle market companies, announced today that Peter Sherman has joined the firm as Chief Risk Officer and will oversee the assessment and management of risk within the firm’s credit and equity portfolios, as well as evaluate and execute investments and assist portfolio companies with strategic initiatives.
“We are excited to add Peter to the Capitala team,” said Joe Alala, III, Chairman & CEO of Capitala Group. “Peter’s notable experience and expertise truly brings value to how we evaluate risk and a strategic mindset that is essential to our decision-making process.”
Mr. Sherman brings over 29 years of experience in principal finance and debt capital markets to Capitala Group. He spent 19 years committing and managing capital in a variety of asset classes in middle market companies, and ten years in restructuring advisory and capital raising. Prior to forming his own investment and consulting firm, Mr. Sherman was a partner at Brevet Capital, a middle market direct lending hedge fund. Mr. Sherman also worked at Bank of America Merrill Lynch (BAML) for 12 years, establishing a $600 million private credit opportunity fund in BAML’s proprietary capital group, and had additional responsibilities as head of distressed debt capital markets and co-head of the restructuring advisory and high yield bridge loan businesses. Mr. Sherman began his principal finance career in 1988 at Prudential Investments, investing in both leveraged debt and equity, primarily in middle market companies.
Mr. Sherman received a BBA, Summa Cum Laude, from the University of New Orleans, and MBA, with distinction, from The Wharton School.
About Capitala Group
Capitala Group is a leading provider of capital to lower and traditional middle market companies, through its family of credit focused funds. Since 1998, Capitala Group’s managed funds have participated in over 143 transactions, representing over $1.4 billion of investments in a variety of industries throughout North America. Capitala Group manages both public capital (Capitala Finance Corp.) (Nasdaq:CPTA) and private capital (Capitala Private Credit Fund V, L.P. and CapitalSouth SBIC Fund IV, L.P.) for institutional and individual investors, and seeks to partner with strong management teams to create value and serve as long term partners. For more information, please visit www.CapitalaGroup.com.