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Angelo Gordon adds capital raising expertise with UK hire

The New York-based alternatives investment firm has hired former Willis Towers Watson executive, Damien Loveday, as managing director.

Angelo, Gordon & Co has added an investor relations professional to its London team as it looks to build out capital raising programs in Europe and Asia.

The New York-based alternatives investment firm has hired Damien Loveday (pic) as managing director, investor relations. Based in London, he will report to Gareth Henry, managing director and global head of investor relations.

“We are confident he will be a valuable addition to the team as we continue to build out our investor relations programs in Europe and Asia,” said Henry.

Before joining Angelo Gordon, Loveday worked at Willis Towers Watson for nearly a decade, where he was most recently global head of diversifying strategies.

According to the firm's website, Angelo Gordon's private equity group manages over $1 billion in assets. The group targets companies with an enterprise value of between $50 million and $500 million, investing between $25 million and $125 million in equity, the website said. The firm is able to invest up to $150 million with co-investments and other funds managed by Anglo Gordon.

The private equity focus sectors for Anglo Gordon include financial products and services, retail and consumer, healthcare, and business services. According to PEI data, Anglo Gordon is currently fundraising for its AG Energy Partners II, which has held a first close on $125 million.