Joseph Rotondo, previously a senior portfolio manager for Invesco’s global senior loan group, joined MidOcean Partners, a New York-based alternative asset manager specializing in alternative credit investments and middle-market private equity, as senior portfolio manager for MidOcean Credit’s collateralized loan obligation (CLO) business. As senior portfolio manager, Rotondo will be responsible for portfolio management of the firm’s existing CLOs as well as new transactions MidOcean expects to issue as it continues to build out its CLO platform. He will also serve as a member of the firm’s investment committee. Based in New York, Rotondo will report to Dana Carey, chief investment officer of MidOcean Credit.
“Over the last 20[-plus] years, Joe has proven himself as a credit industry expert with significant experience successfully managing CLOs and a strong understanding of the leveraged finance markets,” Carey said. “We are pleased to welcome an executive of his caliber to MidOcean and are confident that he is not only an ideal leader for our CLO business, but also a strong cultural fit with our firm. As we continue to develop our CLO platform to drive significant value for our investors and partners, we look forward to leveraging Joe’s commitment to active CLO management across credit cycles.”
Rotondo brings more than two decades of experience across credit origination, structuring and CLO portfolio management to MidOcean. During his tenure at Invesco, Rotondo managed more than $7 billion of CLOs, and also served as a member of the firm’s investment committee. He joined Invesco in 1998 and was promoted to portfolio manager in 2000. He previously worked in IBJ Schroder’s corporate finance group where he originated and structured senior credit facilities, and earlier served as a member of Chase’s corporate lending group, originating and underwriting traditional and leveraged senior facilities for middle market businesses.
