Phoenix Merchant Partners has revealed that former Vesttoo executive Julia Henderson will join the firm as its Managing Director, Insurance Solutions.
She will join the company effective February 1, officially ending her tenure at beleaguered FinTech Vesttoo, where she held the role of Chief Commercial Officer (CCO), according to Reinsurance News.
She was also President and Head of Portfolio Management at Stable Corporation, where she will remain on the board of directors.
Phoenix has also revealed that it will be adding Adrian Macedo to its ranks as Managing Director and Head of Investments, and Benjamin Weston to its Advisory Board.
Art Mbanefo, Phoenix Founder, CEO and CIO, said, “Our people will always be our greatest asset, and the addition of these incredibly talented and highly-regarded professionals provide further testament to the opportunity we see for our platform.
“In founding Phoenix, I set out to build a truly institutional business, and we have established an exceptional foundation of insight and experience from which to grow. We look forward to continuing to strategically expand our team and advisory board as we work with high quality companies and investment partners.”
The firm also announced that it has closed its first transaction, which involves providing financing for Gryphon Holdings, a property and casualty (P&C) reinsurance company.
The financing concluded earlier this month (January 10), and is considered to have ushered in Phoenix’s private credit and lending solutions platform.
Mbanefo said, “We see significant unmet financing needs among unsponsored businesses in the middle market and believe our creativity, prudent approach to structure and focus on process uniquely position us to identify and execute on that differentiated opportunity set.
“We are excited to launch this part of our platform through our relationship with Gryphon, which provides testament to our ability to pivot and offer bespoke financing solutions that match company and industry dynamics.”
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