Goldbridge Capital Partners, a new European credit and distressed debt asset manager, announced Monday it was launching with about $100 million in seed capital.
The firm is backed by Northill Capital, a money management firm established last year by Jonathan Little, who was vice chairman and interim co-head of BNY Mellon Asset Management, according to a news release from Northill. Mr. Little left BNY Mellon in 2010 to join Northill as CEO and partner.
At Goldbridge, the 15-member team will be led by Gina Germano, founding partner, and Dipankar Shewaram, according to the news release. Both had worked at BlueBay Asset Management. They departed at different times, with Ms. Germano leaving last year. She was principal and co-head of BlueBay’s distressed debt funds. Mr. Shewaram left BlueBay in 2009 to join Western Asset Management, where he was portfolio manager until joining Goldbridge.
Goldbridge will be split 50/50 between its founding partners and Northill, according to the news release. Neither Ms. Germano nor Mr. Little could be reached by press time for additional information.