Balbec Capital has appointed partner and president Peter Troisi as its new chief executive, amidst a series of leadership changes at the firm.
Troisi succeeds founding partner Charles Rusbasan, who will transition to the role of executive chairman.
Balbec has also elevated four senior executives to partner status. These include chief financial officer Christina Houghton, head of real estate asset management Matthew Rosen, head of residential credit Ryan Singer, and head of investment risk and analytics Bo Wang.
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Troisi joined Balbec at its inception in 2010 and assumed the role of president in 2023. As chief executive he will continue to support the firm’s portfolio managers in advancing Balbec’s investment strategy while managing the firm and its ongoing strategic growth, the firm said.
“I am honoured to step into my new role as chief executive at this pivotal point in Balbec’s journey,” said Troisi.
“I have worked closely with Chuck since 2006 and am grateful for his leadership and mentorship as we have built Balbec into a differentiated asset-based credit platform with a proven track record across various cycles and market dislocations.
“I am excited to lead the firm through its next phase of growth and to welcome Christina, Matt, Ryan, and Bo to the Balbec partnership.”
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“Over the past 15 years, we have scaled the platform while staying true to our core competency: investing in and managing operationally complex assets to deliver strong risk-adjusted returns for investors,” said Rusbasan.
“Pete has earned the trust of our colleagues, investors and counterparties due to his steadfast dedication and substantial contributions to the firm. His appointment as chief executive – coupled with our commitment to succession planning with a new generation of partners – reflect Balbec’s dedication to providing meaningful opportunities for career advancement.
“As I transition to the role of executive chairman, I do so with great confidence that Balbec has cemented its position at the forefront of asset-based credit and has the ideal leadership team in place to continue innovating to meet the evolving needs of global investors.”
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