Private Credit Investors

AB Private Credit Investors is the middle market direct lending platform of AllianceBernstein. We provide flexible financing solutions to corporate borrowers and manage capital for a diversified group of institutional and high net worth investors.

A Flexible, Creative, Solutions-Oriented Lender

AB Private Credit Investors provides financing to middle market companies for acquisitions, including leveraged buyouts; recapitalizations; refinancings; and growth investments. We offer a range of financing solutions customized for the needs of our borrowers. We provide secured loans including first lien, unitranche, and second lien loans. We also selectively consider investments in mezzanine debt, structured preferred stock, and minority equity co-investments.

We are relationship-focused, with a long history of supporting the growth needs of our borrowers. We partner with leading financial sponsors but also lend to non-sponsored companies, including family-owned businesses and public companies in need of a private debt solution.

While we lend to a broad set of industries, our professionals have a deep understanding of certain targeted industry sectors. This sector knowledge allows us to tailor financings to a company's specific needs and ensure quick and efficient transaction execution.

We manage approximately $7.8 billion in investable capital (as of December 31, 2018), and can make sizable commitments to facilitate new and repeat transactions to support the growth needs of our borrowers.

Differentiated Financing Solutions

We offer the right mix of capital flexibility and experience to partner with middle market companies.

  • Flexible, creative capital
  • Sizable, fully committed, long-term financing
  • Ability to lead, club or participate
  • Dedicated middle market focus
  • Deep sector experience
  • Strong track record of facilitating growth
  • Strategic access to AB's global resources
  • Partnership approach with relationship-driven mindset
  • Straightforward, efficient and transparent process

Our customized financing solutions and efficient transaction process provide greater certainty for middle market companies.

Industry Sector Experience

We have a broad investing mandate centered on resilient and diversified business models. Our deep industry experience enhances our ability to be creative and efficient while delivering certainty to our partners and borrowers. Our industry sector experience includes:

  • Alarm Monitoring
  • Business Services (including Tech-Enabled)
  • Digital Infrastructure and Services
  • Consumer Staples
  • Energy
  • Franchising
  • Healthcare/HCIT
  • Industrial
  • Restaurants
  • Software (including SaaS)
  • Specialty Finance
  • Transportation and Logistics

Investment Management

AB Private Credit Investors (AB-PCI) provides investment advisory services with respect to private credit investment portfolios for institutional and high net worth investors. Our investment focus is secured lending with target, unlevered, asset-level returns of 7%–10%+.

We focus on midsize companies with EBITDA of $5–$50 million and enterprise values of $75–$500 million. We look for high-quality businesses with strong management teams. We are fundamental investors and employ a rigorous approach to credit analysis that enables us to properly assess credit risks and underwrite the underlying value of the businesses we support.

We have a seasoned, cohesive senior team of investment professionals with a demonstrated track record of deal execution and portfolio management. As an integral part of AB, a global asset manager, AB-PCI has a scalable and stable platform that benefits from AB’s infrastructure, operational resources and global investment research perspective.

Private Credit Investors Professionals

STRATEGY, OPERATIONS AND ADMINISTRATION

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  • Brent Humphries
    Brent Humphries
    President and Founding Member—AB Private Credit Investors
    Brent Humphries joined AB in 2014 as a founding member and President of AB Private Credit Investors, where he has primary responsibility for overseeing all aspects of the business, including chairing the investment committee, fundraising, investor relations, investment originations, structuring and underwriting, as well as ongoing portfolio management and compliance. He previously held the same position with Barclays Private Credit Partners. Prior to joining Barclays, Humphries served as group head, generalist financial sponsor coverage for Goldman Sachs Specialty Lending Group, and later led its structured private equity initiative. Before that, he served as a partner and managing director of the Texas Growth Fund, a middle market private equity firm. Humphries previously worked in leveraged finance with NationsBank and J.P. Morgan, and as a financial analyst with Exxon. He holds a BBA in finance with an emphasis in accounting from the University of Oklahoma and an MBA from Harvard Business School. Location: Austin
  • Wesley Raper
    Wesley Raper
    Chief Operating Officer and Founding Member—AB Private Credit Investors
    Wesley Raper joined AB in 2014 as a founding member and Chief Operating Officer of AB Private Credit Investors, where he is involved in strategy and planning, operations, financing, accounting, portfolio analyses, cash management and compliance. He formerly held the same role at Barclays Private Credit Partners. Prior to that, Raper was a vice president in the Information Technology Group at Barclays, where he was responsible for building the technology platform for the leveraged-finance business. He holds an MEng from the University of Bristol and an MS in finance from the Zicklin School of Business at Baruch College. Location: Austin
  • Virginia Kocher, CPA
    Virginia Kocher, CPA
    Chief of Staff—AB Private Credit Investors
    Virginia Kocher joined AB in 2016 as the Chief of Staff for AB Private Credit Investors, where she is involved in various strategic, operational and administrative aspects of the business. Before joining AB, she was the chief operating officer and head of operational due diligence at Gapstow Capital Partners, an alternative investment advisor. Prior to that, Kocher was an operational due diligence analyst at Barclays Wealth Americas and Barclays Global Investors. She began her career as an auditor at Ernst & Young. Kocher holds a BBA and MPA from the University of Texas at Austin. She is a registered Certified Public Accountant (CPA) in New York State. Location: Austin
  • Liz Pyeatt
    Liz Pyeatt
    Head of Office Administration—AB Private Credit Investors
    Liz Pyeatt joined AB in 2015 as the Head of Office Administration with AB Private Credit Investors, where she is involved in executive support and administration management. Previously, she was the operations manager for LookNook and a senior associate at Austin Asset. Pyeatt holds a BS in financial planning from Texas Tech University. Location: Austin

ORIGINATIONS

  • Jay Ramakrishnan
    Jay Ramakrishnan
    Managing Director and Founding Member—AB Private Credit Investors
    Jay Ramakrishnan joined AB in 2014 as a founding member and Managing Director of AB Private Credit Investors. She is a member of the investment committee and Head of Originations, responsible for developing and driving originations strategies across the team. Ramakrishnan leads the team’s investments in the healthcare sector and is responsible for the coverage of East Coast financial sponsors that focus on software and technology. She was previously a managing director with Barclays Private Credit Partners, where she held a similar role and, as a founding member of the business, was involved in various initiatives, including fund-raising and business launch. Prior to joining Barclays in 2007, Ramakrishnan was a vice president at Goldman Sachs and worked in the Specialty Lending Group, where she was responsible for originations, execution, portfolio management and helping to develop the healthcare investing franchise. Prior to that, she was at Goldman Sachs in London, where she oversaw a European leveraged-loan portfolio and gained experience in managing restructurings. Ramakrishnan was previously in investment banking at Goldman Sachs and Bear Stearns, and started her career as an associate consultant for Bain & Company. She holds a BA (Hons) in economics from Cambridge University and an MBA from the Wharton School at the University of Pennsylvania. Location: New York
  • Patrick Fear, CPA
    Patrick Fear, CPA
    Managing Director and Founding Member—AB Private Credit Investors
    Patrick Fear joined AB in 2014 as a founding member and Managing Director of AB Private Credit Investors. He is a member of the investment committee and leads the team’s investments in communications and IT infrastructure, including related services. Fear is also responsible for generalist sponsor originations across a variety of industries. He was previously a director with Barclays Private Credit Partners, where he held a similar role. Prior to that, Fear was a director with CapitalSource in the US and Europe. He was a founding member of the senior management team of CapitalSource Europe, responsible for sourcing, executing and monitoring a $500 million portfolio of middle market mezzanine and other leveraged loans in a variety of industries. Before that, Fear was a vice president focused on M&A advisory at Robert W. Baird in London and Chicago. He began his career in transaction services at PricewaterhouseCoopers. Fear holds a BBA in accounting from the University of Notre Dame and is a Certified Public Accountant (CPA). Location: Austin
  • Robert Bielinski
    Robert Bielinski
    Managing Director—AB Private Credit Investors
    Bob Bielinski joined AB in 2015 as a Managing Director of AB Private Credit Investors, where he leads the team’s originations activities in the restaurant, retail and franchising industries. He was previously a managing director with CIT Group, where he led the restaurant industry practice within Corporate Finance for seven years. At CIT, Bielinski focused on middle market lending to restaurant and retail companies, with an emphasis on private equity–owned businesses. Prior to CIT, he was a managing director with Challenger Capital Group, a middle market investment bank. Before that, Bielinski was a managing director with Richard C. Breeden & Co., an advisory firm headed by a former chairman of the US Securities and Exchange Commission. His investment banking experience includes seven years at Lehman Brothers, where he began his career, and he has held a variety of senior financial positions in the restaurant and retail industries, including senior vice president of finance and treasurer at Boston Chicken Inc. and vice president of financial operations at The Limited. Bielinski holds BS degrees in electrical engineering and management from Massachusetts Institute of Technology (MIT) and an MBA from the Kellogg School of Management at Northwestern University. Location: Chicago
  • Patrick Gimlett
    Patrick Gimlett
    Director—AB Private Credit Investors
    Patrick Gimlett joined AB in 2015 and is a Director of AB Private Credit Investors, where he leads the team’s originations activities in the energy sector and covers generalist financial sponsors located in Dallas and Houston. He also assists with fund-raising and deal-sourcing within AB’s financial advisor network. Gimlett was previously a vice president with GE Capital’s Energy Financial Services Group, where he originated investments in the oil and gas and midstream industries. His experience at GE Capital also included several years of underwriting and portfolio management. Gimlett holds a BBA in finance from the University of Notre Dame. Location: Houston
  • Leon Han
    Leon Han
    Managing Director—AB Private Credit Investors
    Leon Han is a Managing Director of AB Private Credit Investors, where he leads the team’s coverage of West Coast financial sponsors that focus on software and technology. He joined the firm in 2016 as a Director of AB Private Credit Investors. Previously, Han was a managing director with Fifth Street Asset Management’s Technology & Venture Lending Group, where he originated and underwrote investments in venture debt and middle market commitments. His experience includes other technology-focused roles at ORIX, ABS Capital Partners, Jefferies’ Broadview and Accenture. Han holds a BA in economics from Washington University in St. Louis and an MBA from the Kellogg School of Management at Northwestern University. Location: San Francisco
  • Glenn Kim
    Glenn Kim
    Managing Director—AB Private Credit Investors
    Glenn Kim joined AB in 2017 as a Managing Director of AB Private Credit Investors, where he leads the team’s sourcing activities in the financial technology sector. He is also responsible for leading coverage efforts for certain East Coast financial sponsor relationships across a variety of industries. Previously, Kim was managing director at Fifth Street Asset Management, where he invested in sponsor-led middle market financings, primarily in the technology and tech-enabled business services sector. Before that, he was a senior advisor to TPG Specialty Lending Group and a principal at York Street Capital Partners, where he invested in senior notes, mezzanine and equity co-investments in support of buyouts and acquisitions. Kim began his career as an associate at Prudential Capital Group and at Cherokee Investment Partners. He also served as a Captain in the United States Army, where he held a variety of leadership positions and was deployed on numerous training and humanitarian relief missions. Kim holds a BS (dean’s list) in mathematical economics from the United States Military Academy at West Point and an MBA from Duke University. Location: New York
  • Drew Miller
    Drew Miller
    Managing Director—AB Private Credit Investors
    Drew Miller is a Managing Director of AB Private Credit Investors, where he leads West Coast sponsor originations across a variety of industries. He is also responsible for coverage of financial sponsors located in Austin, Texas. Miller joined the firm in 2015 as a Director of AB Private Credit Investors. Previously, he was a vice president in GE Capital’s Sponsor Finance Group (now Antares Capital), where he originated investments in the technology and media industries. Miller’s experience at GE Capital also included several years of underwriting, portfolio management and debt restructuring. Prior to joining GE Capital in 2004, he worked for KPMG. Miller holds a BA in international relations from the University of Memphis and a MAcc from the University of Southern California. Location: Austin
  • Hardeep Saini
    Hardeep Saini
    Managing Director—AB Private Credit Investors
    Hardeep Saini joined AB in 2015 as a Managing Director of AB Private Credit Investors, where he is responsible for leading coverage efforts for certain East Coast financial sponsor relationships across a variety of industries. He was previously a managing director at ICON, where he held a similar role and acquired deep experience in the industrial, manufacturing, shipping and business services arenas. Prior to joining ICON in 2008, Saini worked for SMBC Capital Markets as a risk-management officer within fixed income. He holds a BEng in computer science from the University of Mumbai and an MBA in finance from the Zicklin School of Business at Baruch College. Location: New York
  • Abhishek Sud
    Abhishek Sud
    Managing Director—AB Private Credit Investors
    Abhishek Sud is a Managing Director of AB Private Credit Investors, where he leads Growth Stage Capital investments in the technology sector. He has focused on venture capital, growth equity and private equity investments in the technology and software arenas throughout his career. Prior to joining AB in 2018, Sud was a director with Rothschild Merchant Banking in New York. Before that, he worked as a principal at SoftBank Group, Centerview Capital and Investcorp in San Francisco and New York. Within the technology arena his experience spans a variety of subsectors, including vertical application software, infrastructure software, security, fintech and e-commerce. Sud has served as a director or observer on the boards of FleetMatics, Quantenna Communications, Atrenta (since acquired by Synopsys), Host Analytics (since acquired by Vector Capital), Acquia and Ayasdi. He began his career with IBM Consulting in India and as an investment banker with Morgan Stanley’s technology banking group in Menlo Park, California. Sud holds a BE in computer engineering from the University of Delhi and an MBA from the Indian Institute of Management Ahmedabad. Location: San Francisco
  • Lewis Leavitt
    Lewis Leavitt
    Director—AB Private Credit Investors
    Lewis Leavitt joined AB in 2018 as a Director of AB Private Credit Investors, where he jointly leads originations for several specific verticals including software, digital information services and healthcare. He is also responsible for regional intermediary coverage and sponsor coverage of select growth equity firms across the US. Leavitt was previously a principal with Escalate Capital Partners, where he led business development by working closely with technology lenders as well as venture capital and growth equity firms. Prior to Escalate, he helped start Alert Media, a mass-notification software business based in Austin, Texas. Leavitt holds a BA in Spanish and political science from Vanderbilt University and an MBA from the University of Texas at Austin. Location: Austin
  • Daniel Weiss
    Daniel Weiss
    Director—AB Private Credit Investors
    Daniel Weiss joined AB in 2016 as a Director of AB Private Credit Investors, where he leads financial sponsor coverage efforts for Chicago and the Midwest across a variety of industries. He was previously a vice president at Cerberus Capital Chicago, responsible for sourcing, structuring and executing debt financings for financial sponsors. Prior to that, Weiss was a managing director at MFC Capital Funding, where he was a member of the firm’s investment committee and one of five senior deal professionals responsible for sourcing and executing debt investments for lower–middle market companies. Before that, he worked in private equity for the State of Wisconsin Investment Board and for Pfingsten Partners, a lower–middle market private equity fund. Weiss began his career as an analyst at NationsBank. He holds a BS in business from Tulane University and an MBA from the Kellogg School of Management at Northwestern University. Location: Chicago

Credit Team

  • Shishir Agrawal
    Shishir Agrawal
    Managing Director and Founding Member—AB Private Credit Investors
    Shishir Agrawal is a founding member and Managing Director of AB Private Credit Investors. He is also a member of the investment committee and heads the underwriting, execution and portfolio management of the team’s investments in software and technology-enabled services. Agrawal previously held a similar role with Barclays Private Credit Partners, having first joined Barclays as an associate in the US Leveraged Finance Group. Prior to that, he was a group marketing manager and head of product management for clustering and high-availability products at Sun Microsystems. Agrawal holds a BTech in computer science and engineering from the Indian Institute of Technology Bombay, an MS in computer science from Ohio State University, and an MBA in finance and accounting from the University of Chicago Booth School of Business. Location: Austin
  • Kevin Alexander
    Kevin Alexander
    Managing Director—AB Private Credit Investors
    Kevin Alexander is a Managing Director of AB Private Credit Investors, where he is also a member of the investment committee. As a senior credit team member, he plays a leadership role in structuring, underwriting and execution, as well as portfolio management for investments in the energy sector and other industries. Before joining AB in 2015, Alexander was a director at ORIX, where he held a similar role. Prior to that, he was a senior research analyst with Plainfield Asset Management and an analyst with both D.E. Shaw and Merrill Lynch. Alexander holds a BBA (Hons) in financial consulting from the Southern Methodist University and an MBA in finance and economics from the University of Chicago Booth School of Business. Location: Austin
  • Evan Cohen, CFA
    Evan Cohen, CFA
    Managing Director—AB Private Credit Investors
    Evan Cohen is a Managing Director of AB Private Credit Investors, where he is also a member of the investment committee. As a senior credit team member, he plays a leadership role in structuring, underwriting and execution, as well as portfolio management for investments in the healthcare sector and other industries. Prior to joining AB in 2015, Cohen was a vice president with Goldman Sachs Specialty Lending Group, where he held a similar role. Preceding that, he was a financial analyst in the Investment Management division at Goldman Sachs. He holds a BBA (Hons) in finance from the University of Texas at Austin and is a CFA charterholder. Location: Austin
  • Justin Grimm
    Justin Grimm
    Managing Director—AB Private Credit Investors
    Justin Grimm is a Managing Director of AB Private Credit Investors, where he is also a member of the investment committee. As a senior credit team member, he plays a leadership role in structuring, underwriting and execution, as well as portfolio management for investments in the restaurant, retail and franchising industries and other industries. Prior to joining AB in 2015, Grimm was a vice president with GE Capital, where he held a similar role. Before that, he was a senior mechanical design engineer with Motorola. Grimm holds a BS in mechanical engineering from Tulane University and an MBA from the Samuel Curtis Johnson Graduate School of Management at Cornell University. Location: Austin
  • Casey Millsaps
    Casey Millsaps
    Director—AB Private Credit Investors
    Casey Millsaps is a Director of AB Private Credit Investors, where she is involved in structuring, underwriting and execution, and portfolio management. She joined the firm in 2015 as a Vice President of AB Private Credit Investors. Millsaps was formerly an associate director with ORIX as well as an associate in the Corporate Debt Products Group at Bank of America Merrill Lynch. She holds a BS in business administration and finance from Texas A&M University. Location: Austin
  • Solomon Cole
    Solomon Cole
    Vice President—AB Private Credit Investors
    Solomon Cole is a Vice President of AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. He joined the firm in 2016 as an associate with AB Private Credit Investors. Previously, Cole was an associate with the Merchant Banking Group at BNP Paribas, where he focused on originating, underwriting and syndicating leveraged loans for sponsor-backed transactions. Prior to that, he was an associate at The Riverside Company, a middle market private equity firm. Cole holds a BS in finance (Hons) and an MS in accountancy from Wake Forest University, and an MBA from the Wharton School at the University of Pennsylvania. Location: Austin
  • Marc Cooper
    Marc Cooper
    Vice President—AB Private Credit Investors
    Marc Cooper is a Vice President of AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. He joined the firm in 2016 as an associate with AB Private Credit Investors. Cooper was formerly a senior associate with Fifth Street Asset Management’s Technology & Venture Lending Group, where he underwrote both venture debt and middle market investments. Prior to Fifth Street, he was a senior investment analyst at Prudential Capital Group. Cooper holds a BBA with formal concentrations in both accounting and finance from the Michael G. Foster School of Business at the University of Washington. Location: Austin
  • David Foshager
    David Foshager
    Vice President—AB Private Credit Investors
    David Foshager joined AB in 2016 as a Vice President of AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. Previously, he was a vice president at GE Capital. Before joining GE Capital, Foshager worked for M&I Bank in correspondent banking. He holds a BBA in finance from the University of Wisconsin, Oshkosh, and an MBA from Arizona State University. Location: Austin
  • Rohit Gandhi
    Rohit Gandhi
    Vice President—AB Private Credit Investors
    Rohit Gandhi joined AB in 2016 as a Vice President of AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. He was formerly a vice president with Yukon Partners, a mezzanine investment fund, and an analyst in Wells Fargo’s Middle Market Investment Banking Group. Gandhi holds a BA in economics and accounting from Guilford College. Location: Austin
  • Andrew Izzo
    Andrew Izzo
    Vice President—AB Private Credit Investors
    Andrew Izzo is a Vice President of AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. He joined AB in 2014. Izzo was formerly an analyst in the Leveraged Finance Group at Deutsche Bank. He holds a BA in economics from Princeton University. Location: Austin
  • Sean Kennedy
    Sean Kennedy
    Vice President—AB Private Credit Investors
    Sean Kennedy is a Vice President of AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. He joined AB Private Credit Investors in 2014 as an associate. Kennedy was formerly an associate in the Fixed Income Global Credit Research Group at AB, focusing on high-yield and leveraged-loan transactions. Prior to that, he was an associate in the Asset and Principal Finance Group at Nomura Securities. Kennedy holds a BS in business administration from Carnegie Mellon University. Location: Austin
  • Anand Kalola, CFA
    Anand Kalola, CFA
    Vice President—AB Private Credit Investors
    Anand Kalola joined AB in 2017 as a Vice President of AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. He was formerly a vice president with H.I.G. WhiteHorse, the credit affiliate of H.I.G. Capital, where he held a similar role. Prior to H.I.G., Kalola worked for Point Frederick Capital, a hedge fund; Prospect Capital, a hedge fund with a private debt and equity focus; and Chanin Capital Partners, a boutique investment bank. He holds a BA in biological basis of behavior and BS in economics with a concentration in finance from the University of Pennsylvania. Kalola is a CFA charterholder. Location: Austin
  • Christopher Lanshe
    Christopher Lanshe
    Vice President—AB Private Credit Investors
    Chris Lanshe joined AB in 2016 as a Vice President of AB Private Credit Investors, where he is involved in structuring, underwriting and execution, and portfolio management. He was formerly a vice president with Fifth Street Asset Management, where he held a similar role with a focus on software and healthcare. Prior to Fifth Street, Lanshe worked for Ranch Capital, a lower–middle market private equity firm, and L.E.K. Consulting, a management-consulting firm. He holds a BS in finance from Brigham Young University and an MBA (with honors) from the University of Chicago Booth School of Business. Location: Austin
  • Laura Zengilowski
    Laura Zengilowski
    Vice President—AB Private Credit Investors
    Laura Zengilowski joined AB in 2015 as a Vice President of AB Private Credit Investors, where she is involved in structuring, underwriting and execution, and portfolio management. Previously, she was a senior associate with Falcon Investment Advisors and an analyst in Deutsche Bank’s Leveraged Finance Group. Zengilowski holds a BS in business administration, accounting and politics from Washington and Lee University. Location: Austin

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