BlackRock, Inc. has appointed Justin Ferrier as managing director of the Asian Private Credit platform, effective June 13, 2016. Justin will be based in Singapore and report to Neeraj Seth, Head of Asian Credit.

 

Ferrier will assume portfolio management responsibilities of private credit investments, with a focus on mid-market and special situations in Asia.

 

Seth comments: “Banks have been retreating from traditional lending activities following post-crisis regulations. This shift creates attractive opportunities for private, non-bank lenders like BlackRock to provide private credit to satisfy capital needs. Justin’s experience in this area is an important addition to the local investment team, as we continue to develop our private credit capabilities across a spectrum of risk, geography and liquidity and provide our investors with diversified sources of return.”

 

Bringing more than 25 years’ experience in the finance industry to the role, with the last 16 years in private lending and special situations investments, Ferrier was previously the founder and CEO of Myo Capital, as well as a director at ADM Capital, focusing on private lending and distressed credit situations across the Asia Pacific region.

 

Private credit is a high-priority and fast-growing segment of BlackRock’s global fundamental credit platform, which has a team of over 150 investment professionals managing US$137 billion of assets.