THL Credit Advisors LLC announced that it has engaged Mike Backwell as its Australia and New Zealand representative to build strategic relationships for funds and separately managed accounts in THL Credit’s Direct Lending and Tradable Credit strategies.
Mr. Backwell has over twenty years of investment industry experience marketing credit and structured credit products to institutional investors internationally. A native Australian, his career has spanned the globe with senior positions in New York and London before returning to Australia in 2007.
“Australia and New Zealand represent a natural expansion opportunity for us as THL Credit has grown to over $10 billion in AUM” said Chris Flynn, Co-CEO of THL Credit. “While we already have some valued relationships in the region, this is the perfect time to have Mike on-the-ground representing THL Credit’s Direct Lending and Tradable Credit expertise to institutional investors.”
Prior to joining THL Credit, Mr. Backwell was a Director at Credit Suisse responsible for all fixed income sales in Australia and New Zealand. He previously spent 10 years as a Principal in credit and structured sales at Bank of America Merrill Lynch, and prior to that, nine years as a Senior Credit Salesman at Deutsche Bank. He began his career at Salomon Brothers in New York.
“Mike’s deep understanding of the credit markets combined with our strong track record and yield oriented investment strategies should be a good fit for investors in Australian and New Zealand. I worked with Mike at Deutsche Bank and know him to be an excellent client representative and a thoughtful investor” said Mike Herzig, Managing Director and Head of Business Development at THL Credit. “We’re thrilled to have him representing THL Credit, and eager to grow our regional presence with his help.”
Founded in 2007, THL Credit specializes in both direct lending and broadly syndicated credit investments. The firm’s direct lending investments focus on secured loans in the
middle market, while its tradable credit business manages investments in syndicated loans, structured credit, and high-yield securities.
Mr. Backwell earned his M.B.A. with a concentration in finance from The University of Chicago Booth Graduate School of Business, and his Bachelor of Commerce from the University of Melbourne. He has successfully completed the requirements for Chartered Accountants Australia and New Zealand, and is a member of the Financial Services Institute of Australasia (FINSIA).
About THL Credit Advisors LLC
THL Credit (http://www.thlcredit.com/) is an alternative credit investment manager for both direct lending and broadly syndicated investments through public and private vehicles, collateralized loan obligations, separately managed accounts and co-mingled funds. THL Credit maintains a variety of advisory and sub-advisory relationships across its investment platforms, including THL Credit, Inc. (Nasdaq: TCRD), a publicly traded business development company, and THL Credit Senior Loan Fund (NYSE: TSLF), a non-diversified, closed-end management investment company.