Justin Mitchell
Clifford will work with institutional clients to design bespoke investment mandates, which was created as a joint venture between Franklin Templeton and Asia Alternatives.
Major OZ fund managers like Cresset and Bridge Investment Group are still moving forward despite the market disruption from the coronavirus crisis.
LPs are having widely divergent experiences with capital calls while also trying to keep an eye on what investment opportunities will look like.
Robin Clifford has worked on the investment staff of the New Jersey Division of Investment for 12 years.
Stellex was founded in 2014 by two Carlyle veterans and focuses on investments in "underperforming or mismanaged lower and middle-market businesses."
The firm attracted several sizable commitments from larger LPs despite the disruption of the coronavirus pandemic.
Mario Giannini told Louisiana Teachers' investment committee to start looking into rescue capital opportunities "fairly quickly."
The firm raised $1bn more than its original $2bn target and could go as high as $3.5bn, partner Scott Graves said.
PE Director Michael Bailey also said 15 percent of its managers' portfolio companies were facing trouble.
LPs decide whether to accommodate for the denominator effect or to sit tight and wait for the right moment.
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