Moelis Asset Management LP (Moelis Asset), the parent to alternative asset managers with leading capabilities in private equity, direct lending, credit funds, structured products, venture capital and hedge funds, today announced the appointment of Frank Benevento as Head of Business Development. He joins on Wednesday, July 21st and will be based in New York. In this new role, Mr. Benevento will work with colleagues from across the Moelis Asset platform to drive continued growth of its existing businesses and identify future areas of interest among institutional investors.
“Frank brings nearly 30 years of experience in direct lending, credit, real estate and private equity, which will help us expand our already strong franchise”
Moelis Asset aggregates approximately $7.0 billion in assets across several high-caliber investment firms including:
- Steele Creek Investment Management LLC, a manager of collateralized loan obligations and other broadly syndicated loan products;
- Freeport Financial Partners LLC, a direct lending platform;
- Archean Capital Partners, a joint venture with Veritable, L.P. focused on deploying capital to qualified private capital managers interested in starting their own firms;
- Gracie Asset Management, a multi-strategy credit manager;
- Crossbeam Venture Partners, a joint venture with CoVenture Holding Company LLC and Fenway Summer LLC focused on early stage financial technology companies;
- Third Crest, A S&P500 tactical trading fund; and
- Pop Culture Capital, A late stage VC/Growth Equity pledge fund.
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“Frank brings nearly 30 years of experience in direct lending, credit, real estate and private equity, which will help us expand our already strong franchise,” said Eric Felder, CEO of Moelis Asset Management. “We are looking forward to deepening our existing institutional relationships and creating new ones under Frank’s stewardship.”
Previously Mr. Benevento was Managing Director of Business Development at CrossHarbor Capital, LLC. He has also held senior business development roles at First Eagle Credit, LLC, Pine River Capital Management, GoldenTree, and CIBC. Mr. Benevento holds a B.A. in Business Administration from Georgetown University.
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