#United States #Santa Monica #Beach Point #Josh Baumgarten #Eric Storch

Beach Point Capital Management Enhances Leadership Team

Beach Point Capital Management LP, an established alternative asset management firm, recently made significant moves to strengthen its leadership team with the hiring of Josh Baumgarten as the new President and Chief Investment Officer, alongside Eric Storch, who will take on the role of Global Head of Client Partnerships and Business Development. These appointments, effective immediately, aim to bolster the firm's strategic direction in investment and client engagement.

The newly created position for Baumgarten will see him collaborating with Beach Point's Executive Committee and senior leadership. His primary focus will be on refining and advancing the company's investment strategies across key sectors including private credit, liquid credit CLOs, multi-asset credit, and structured credit asset-backed finance. Baumgarten's impressive background, which includes over 25 years of experience in managing investment businesses in both private and public markets, makes him a potent addition to the firm. Prior to joining Beach Point, he served as Co-Managing Partner and was instrumental in leading the credit venture at TPG Angelo Gordon.

Baumgarten’s professional journey also includes a significant tenure at Blackstone, where he was Senior Managing Director responsible for overseeing the credit domain at Blackstone Alternative Asset Management and launched the global co-investment platform.

Meanwhile, Eric Storch will spearhead the company's efforts in investor relations, capital formation, and product development. He joins Beach Point from Oak Hill Advisors where he was Managing Director, contributing to the firm's business development initiatives and client outreach. Storch previously worked at Blackstone / GSO’s Customized Credit Strategies Group, where he significantly impacted institutional marketing efforts.

Scott Klein and Carl Goldsmith, Co-Founders and Co-CEOs of Beach Point, express their enthusiasm about the new appointments. Klein stated, "Josh and Eric have outstanding records of generating long-term value for clients while playing pivotal roles in the success of leading credit-focused firms. Their wealth of experience will amplify our already solid platform."

Goldsmith added, "Our philosophy at Beach Point is driven by a flexible and opportunistic approach that aims for sustainable returns for investors. Josh and Eric embody this client-first mindset, which will enhance our capabilities in providing tailored solutions."

Klein and Goldsmith will still serve as Co-Chairmen, continuing their involvement with the senior leadership team and maintaining the firm's strategic trajectory and client partnerships. Existing senior professionals leading Beach Point's investment verticals will stay in their current positions. This ensures a seamless operational flow while reinforcing the core investment philosophy and approach of the firm.

Baumgarten shared his thoughts on joining Beach Point, noting, "Scott, Carl, and the leadership have cultivated an exceptional platform characterized by a value-driven investment philosophy targeting the most favorable risk-adjusted opportunities. I was drawn to their partnership-oriented ethos and the collaborative culture present within the firm and look forward to continuing the momentum."

As for Storch, he mentioned, "Beach Point's commitment to nurturing trusted client relationships while emphasizing results over mere scale is a unique advantage in today's market. I am eager to collaborate closely with my colleagues to provide innovative, industry-leading investment solutions that cater to our global client base."

Both Baumgarten and Storch will operate from Beach Point's New York office, reinforcing the firm’s robust presence in prime financial markets.

About Beach Point
Beach Point is recognized as a prominent multi-strategy investment firm with a considerable focus on credit, managing over $20 billion in assets. The firm is actively engaged in both public and private market investments, employing strategies that encompass liquid credit CLOs, structured credit, multi-asset credit, and direct lending, among others. With its headquarters based in Santa Monica, California, Beach Point also has operational branches in New York, London, and Dublin. For further information, you can follow Beach Point on social media or visit their website at Beach Point Capital.