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Laxman Pai, Opalesque Asia:

Global growth investor L Catterton has launched a new private credit platform, bringing in industry veteran Shahab Rashid as managing partner and co-head of private credit.

It is a new position, Rashid will lead the establishment of L Catterton's new middle-market direct lending strategy for its new private credit platform. The timeline of the strategy's launch has yet to be announced.

With more than $33 billion of equity capital across its fund strategies and 17 offices around the world, L Catterton is the largest global consumer-focused private equity firm.

"Launching a private credit strategy is a natural extension of L Catterton's proven model and will strengthen our position as the partner of choice for companies seeking flexible capital solutions," said Scott Dahnke, Global Co-CEO of L Catterton.

"We are excited to welcome Shahab, who brings decades of credit investing experience to help us build a comprehensive private credit capability that complements our 33-year history in making private equity investments," Scott added.

Rashid joins L Catterton with more than 20 years of experience in the private credit and leveraged finance industries. Prior to joining L Catterton, Rashid was a Partner & Co-Founder of the Private Credit Group at Adams Street Partners.

In this role, he was responsible for leading the build-out of the private credit business, including developing the strategy, recruiting and managing t......................

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