Praesidian Capital, a provider of senior and subordinated debt for small and mid-sized companies, has promoted Alex Massimo from Analyst to Associate and Thomas (“TJ”) O’Donnell was hired as an Analyst.
“Alex’s promotion is well deserved, and we are very pleased to welcome TJ to the team,” said Jason Drattell, Founder and Managing Partner of Praesidian. “We know that their expertise will be extremely useful as we monitor our current portfolio and explore new investment opportunities.”
Mr. Massimo joined Praesidian earlier this year from the Leveraged Finance Origination Group at UBS Investment Bank. With his expanded role, he will take on additional responsibilities in all aspects of the firm while he focuses on portfolio management and assists on new investments. He received his BS in Finance and Economics and a minor in Mathematics from Boston College.
Mr. O’Donnell was previously an Analyst in US Institutional Equity Sales with Nomura Securities International. His new responsibilities at Praesidian include financial analysis, due diligence and execution of new investments. He received his BS in Finance with a minor in Business Law and Corporate Governance from Villanova University.
Praesidian Capital provides mezzanine capital to small and mid-sized businesses. The firm typically invests in connection with a management/leveraged buyout, recapitalization or refinancing. Praesidian manages over $700 million in committed capital and is based in New York (www.praesidian.com).
© 2013 PEPD • Private Equity’s Leading News Magazine • 9-26-13