Mounties' $117 Billion Fund Bolsters Private Debt Arm
- Canada’s PSP hires Blair to focus on distressed debt
- PSP to become a ‘solutions provider’ for troubled businesses
Photographer: Jack Taylor/Getty Images
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The Public Sector Pension Investment Board, one of Canada’s largest pension funds, is expanding its private debt team to focus more on investments in distressed companies.
Montreal-based PSP hired Francis Blair to broaden the fund’s capabilities to include rescue financing and other solutions for companies with capital structure challenges. Blair most recently worked as a partner and senior credit analyst at Milford Sound Capital LP and earlier as a managing director at Solus Alternative Asset Management, where he was involved in some of the fund’s largest distressed investments.