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“Carrie has deep business development, investment and product development skills, and will be a tremendous asset to PAAMCO,” said Jane Buchan, Chief Executive Officer of PAAMCO. “We have known her for years and are delighted to have her aboard as we continue to expand and build the firm.”

“I have long been an admirer of PAAMCO, with its deep bench of leadership and talent and its marquis institutional client base,” said Ms. McCabe. “I have worked with Jane and her team on various business initiatives over the years and am looking forward to contributing to the firm’s continued success.”

Ms. McCabe has held leadership roles at several alternative asset management firms over the course of her 30 years in the industry. She has served as Chief Executive Officer of Lasair Capital, Financial Risk Management, and Blackstone Alternative Asset Management. Most recently Ms. McCabe was a Senior Advisor to McKinsey & Company working with their Asset Management and Private Equity practices and clients. Ms. McCabe holds an MBA from Harvard University and a B.A. in Economics from Stanford University.