Sumit Sasidharan was named head of commercial real estate at alternative credit manager Angel Oak Capital Advisors.
A spokesperson for Angel Oak said the position is new. Sasidharan will be "focusing primarily on growing Angel Oak's CRE fund offerings at an institutional level while also managing and expanding the firm's permanent and bridge-loan financing solutions," said a Dec. 5 release.
In addition to overseeing about $300 million in commercial real estate loans under Angel Oak's existing lending platform and various private strategies, Sasidharan will continue Angel Oak's "active presence in the commercial mortgage-backed securities market," the release added.
The spokesperson added that Sasidharan is based in New York and reports to Namit Sinha, CIO of private strategies.
Sasidharan most recently served as managing director and co-head of real estate capital markets at Ares Management. Ares declined to comment.
Angel Oak had total assets under management of $16.4 billion as of Sept. 30, according to the firm's website.