Stephen Czech was named a portfolio manager at FrontPoint Partners and leader of its direct lending investment team.
Mr. Czech's team will originate and invest in secured loans to small and midsize U.S. companies. The new strategy was added to FrontPoint's multistrategy approach, said spokeswoman Erica Platt.
“Given the significant dislocation in the direct lending market, we believe this strategy presents a compelling opportunity for both our investors and for middle-market businesses seeking funding,” Mike Kelly, FrontPoint's co-CEO, said in a news release.
Mr. Czech was managing director and portfolio manager at hedge funds of funds Gottex Fund Management Holdings. According to the FrontPoint news release, “Gottex clients will continue to be able to access investment opportunities sourced by Mr. Czech and his investment team.”
Gottex officials were not available to comment on Mr. Czech's departure or the agreement with FrontPoint.
