Daily News: February 25, 2013

Narayan Joins Ally Commercial Finance Healthcare Capital Group


Ally Commercial Finance, a unit of Ally Financial, announced that Sanjeev Narayan will join the company as a managing director in the Healthcare Capital Group. Narayan will support private equity sponsors in the middle market with both cash flow and asset-based lending.

Narayan has more than 16 years of experience in corporate finance, M&A and leverage finance, with the last nine years focused in the healthcare industry. He most recently served as vice president, Healthcare Finance Group at Fifth Third. Previously, he held positions at the healthcare groups at Union Bank and Merrill Lynch Capital.

Prior to Merrill Lynch, Narayan was part of the investment banking group at Banc of America Securities. He also worked in the leverage finance group at Paribas.

“We are strategically expanding our presence in the healthcare arena, and Sanjeev’s experience will be highly beneficial to serving our valued clients,” Tom Ceto, senior managing director, Healthcare Capital Group, said.

Ally Commercial Finance provides financing to equity sponsors and middle-market companies.