ICG hires managing director from MetLife

Goodman will strengthen ICG’s US investment team that includes Salvatore Gentile, head of ICG’s U.S. operations, as well as Brian Spenner and Seth Katzenstein, ICG said in a prepared statement. The firm’s U.S. credit platform now counts 27 employees and manages $2.7 billion of assets in private and syndicated credit strategies.

Gentile cited Goodman’s “depth of investing experience and excellent relationships with private equity firms, advisors, and investors across a range of US private debt markets,” according to a prepared statement.

Goodman is working on non-investment grade credit for middle-market, sponsored, and un-sponsored companies for London-based Intermediate Capital Group.

Goodman previously worked as director, head of mezzanine investments, at MetLife Investments for five years, according to his LinkedIn profile. He managed a roughly $1 billion portfolio of direct private debt/mezzanine and credit fund investments for MetLife. From 2003 to 2009, he was a principal at Allied Capital Corp.

ICG provides mezzanine debt, second-lien loans, unitranche debt and minority equity with targeted hold sizes of $15 million to $100 million.

Intermediate Capital Group’s ICG North American Private Debt Fund has a target of $750 million and is still fundraising, according to Bison. ICG will also invest from collateralized loan obligations (CLOs) for senior loans.