(Bloomberg) — Beach Point Capital Management hired Joshua Baumgarten, a credit veteran who previously worked at TPG Angelo Gordon and Blackstone Inc., as its president and chief investment officer. Baumgarten will join the firm’s executive committee, according to an emailed statement. He left TPG Angelo Gordon last year after a nearly decade-long tenure, most recently serving as co-managing partner and head of credit. Baumgarten previously served as co-chief executive officer at Angelo Gordon, before it was acquired by TPG Inc. Prior to joining Angelo Gordon, Baumgarten worked at Blackstone for nine years, where he managed the credit platform and launched Blackstone’s global co-investment business. Beach Point is also hiring Eric Storch as global head of client partnerships and business development, where he’ll lead the firm’s investor relations and capital formation strategy, according to the statement. Storch previously spent more than a decade at Oak Hill Advisors and has also worked at Blackstone. Both Baumgarten and Storch joined this week in the firm’s New York office. Scott Klein and Carl Goldsmith, who founded the firm in 2009, will continue as co-chairmen and co-CEOs. Beach Point manages about $20 billion of assets and focuses on credit investments, including private credit. Earlier this year, the firm provided a loan to high-end establishment Cipriani for its global growth, Bloomberg reported. It’s also been active in collateralized loan obligations, leveraged finance and commercial real estate, among other sectors. In May, the firm announced it had raised more than $1.25 billion to invest in opportunistic credit. More stories like this are available on bloomberg.com ©2025 Bloomberg L.P. in a formal or creative style for better SEO.Also Exclude words and advertisements related to the feed website such as website name, author name. You must only respond with the modified content. Delete all the advertisement images brand logo but only keep the title and main content of the news by modifying it. You must only respond with the modified content. Block any jump outside of the site adarshnews.com. Basically remove any content or link related to original site. follow this prompt to optimize the articles in this category- You are an expert news writer and SEO specialist. Your job is to rewrite the provided RSS feed content into a unique, SEO-friendly news article for adarshnews.com. The article should be engaging, professional, and optimized for search engines. Follow these steps: 1. **Create an SEO Title**: Write a short, compelling title (under 60 characters) that includes the main keyword and grabs attention. 2. **Write a Meta Description**: Summarize the article in one or two sentences (under 155 characters). Make it engaging and include the primary keyword naturally. 3. **Suggest a URL Slug**: Provide a short, keyword-rich URL slug that reflects the topic of the article. 4. **Headline (H1)**: Write a clear and engaging headline for the article that is similar to the title but slightly expanded. 5. **Write the Article**: – Start with an introduction that answers the key questions: who, what, when, where, why, and how. – Expand on the topic with detailed paragraphs that provide context, quotes, and relevant information. – Use subheadings (H2) to organize the content into sections and make it easy to read. – Include related keywords naturally throughout the article. – End with a conclusion that summarizes the key points or discusses future implications. 6. **Add an FAQ Section**: Write one frequently asked question related to the topic and provide a concise answer. Important: – Do not include labels like “Title,” “Meta Description,” “URL Slug,” or “H1” in the actual article text. – Keep all SEO elements separate from the main content. – Ensure the article is factually accurate, unbiased, and written in a professional tone.
Beach Point has appointed TPG AG and former Blackstone executive Baumgarten as its Chief Investment Officer.
