Mesirow Expands Alternative Credit Team with Strategic Hires
Investor - People | Mar 24, 2025 | Mesirow Financial Private Equi
Mesirow, a Chicago-based independent and employee-owned financial services firm, has expanded its Alternative Credit team by hiring three new specialists in an effort to enhance its offerings to institutional and high-net-worth investors. This follows Mesirow's acquisition of Bastion Management in December 2024, a prominent asset-backed lender. The new hires are Nicholas Paidas, who joins as Director, Capital Markets and Sourcing with experience from Yieldstreet and Mission Capital Advisors; Servia Rindfleish, appointed as Client Portfolio Manager with 14 years of investment management experience; and Bryce Labonski, joining as an Associate in Asset Management. These strategic additions aim to bolster Mesirow's capabilities in deal origination, structuring, strategic partnerships, and client relationship management. Led by Jay Braden, CEO and Co-Chief Investment Officer, the team remains committed to providing innovative financial solutions across North America and the UK. As of the end of 2024, Mesirow reported $306.2 billion in assets under supervision.
Sectors
- Financial Services
- Alternative Credit
- Private Equity
Geography
- United States – Mesirow is headquartered in Chicago, illustrating its primary operational geography.
- United Kingdom – The Alternative Credit team plans to provide solutions across North America and the UK, indicating a significant geographical focus.
Industry
- Financial Services – The article involves Mesirow, a financial services firm, expanding its Alternative Credit team to enhance its service offerings.
- Alternative Credit – Mesirow is focusing on expanding its Alternative Credit team, indicating its commitment to providing various credit solutions to its clients.
- Private Equity – Mesirow's acquisition of Bastion Management highlights its strategic efforts in the private equity space, particularly within asset-backed lending and alternative investments.
Financials
- $306.2B – Mesirow's total assets under supervision as of December 31, 2024.
- $2 billion – The amount committed by Mesirow's Alternative Credit team to various transactions.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Mesirow | Buying Company | Companies | An independent, employee-owned financial services firm with operations in investment management, capital markets, and other advisory services. |
| Bastion Management | Target Company | Companies | A leading asset-backed lender acquired by Mesirow in December 2024, now operating under Mesirow Alternative Credit. |
| Nicholas Paidas | Director, Capital Markets and Sourcing | People | Joined Mesirow to lead efforts in deal origination, structuring, and strategic partnerships. |
| Servia Rindfleish | Client Portfolio Manager | People | Responsible for driving business development and client relationship management. |
| Bryce Labonski | Associate, Asset Management | People | Brings expertise in portfolio monitoring and unit economic modeling to Mesirow's team. |