Sector developments and company hires

New ceo appointed

Oaktree Specialty Lending has announced that ceo and cio Edgar Lee has resigned from the company for personal reasons, effective 30 September 2019. He is to be replaced by Armen Panossian who will take over both roles. Panossian is currently md and head of Oaktree’s Performing Credit organisation and has spent 12 years at the firm.

Partnership

Satori Capital has announced an investment and acceleration partnership with Cicero Capital Partners. Satori, a multi-strategy firm with more than US$1bn in AUM completed the US$20 million investment on April 1, 2019, and through August 1, 2019, has increased the allocation to approximately US$30m. Cicero actively manages a portfolio of CMBS and other commercial real estate structured opportunities.