Evolution Credit Partners Management, an alternative credit firm with approximately $3 billion in assets under management, hired John-Carl Barone as a managing director.
Barone has two decades of experience in the capital markets, focusing on working capital finance, including trade finance and accounts receivable capital solutions for corporates. Most recently, Barone was with JPMorgan Chase, where he served as executive director and head of alternative credit origination and sales, and oversaw the global alternative credit franchise, assessing client needs and establishing capital solutions.
“JC’s vast knowledge and compelling background in alternative credit solutions brings well-rounded insight to our expanding working capital finance business, and his leadership will prove invaluable as we continue to meet the growing needs of our high yield corporate clients,” René Canezin, founder and managing partner of Evolution Credit Partners Management, said. “We look forward to welcoming him to our New York office as a member of the investment team.”
Evolution founded its working capital finance investment strategy in 2021 and has deployed more than $700 million in capital on short-term financing solutions for sub-investment grade companies.
