Arthur Peponis has joined Angelo, Gordon & Co. as co-head of private equity and special situations. He previously was with Goldman Sachs as a partner in the firm’s financial sponsors group.
Angelo, Gordon & Co. announced today that Arthur Peponis has joined the firm as Co-Head of Private Equity and Special Situations. He previously spent 16 years at Goldman, Sachs & Co., most recently as a Partner in the Financial Sponsors Group.
“We are delighted to welcome Art on board at a time of unprecedented activity and opportunity for our firm,” said David Roberts, who oversees Angelo Gordon’s Private Equity and Special Situations activities. “Just as changes in the markets provide us with compelling investment opportunities, they also provide us with opportunities to attract world class talent. Art is a great example of that.”
Prior to joining Angelo Gordon, Mr. Peponis was a member of Goldman’s Financial Sponsors Group where he served as Chief Operating Officer and managed the investment banking activities for a host of leading private equity firms. In that capacity, he originated and completed over 150 M&A/advisory assignments and bookrunner financings, and also helped to source over $3 billion of investments for Goldman’s Principal Investment Area. Mr. Peponis graduated from Princeton University and from Harvard Business School.
“Art’s appointment is a clear signal of our commitment to further grow our private equity business,” said the firm’s founders, John Angelo and Michael Gordon. “By blending Art’s experience and relationships with the existing strengths of our private equity team as well as our deep expertise in distressed debt, real estate, and RMBS/CMBS, we are terrifically positioned to capitalize on the private equity investment opportunities emerging in the current environment.”
Angelo Gordon’s Private Equity Group is currently investing its fourth fund which closed at the end of 2008. The team makes control investments with deal sizes ranging from $50 million to $500 million. Sector expertise includes financial services, healthcare services, and consumer/retail.
“The chance to work with David Roberts and the private equity team is a tremendous one,” said Art Peponis. “By harnessing the synergies of the broader Angelo Gordon platform, we will have the ability to generate compelling, proprietary private equity transactions. It is an unparalleled opportunity.”
About Angelo, Gordon & Co.
Angelo, Gordon & Co. was founded in 1988 and has approximately $15 billion under management. Currently, the firm’s investment disciplines encompass four main areas: (i) distressed debt and leveraged loans, (ii) real estate, (iii) private equity and special situations and (iv) a number of credit oriented hedge fund strategies. Headquartered in New York, Angelo Gordon has over 100 investment professionals.