Kayne Anderson Capital Advisors (Kayne), a US-based alternative asset manager, has appointed Mike Levitt as its new CEO.
Levitt will succeed Bob Sinnott, who has been named as the company’s new co-chairman alongside Ric Kayne, the founder of the company.
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The company in its press statement said Sinnott will continue to chair the firm’s energy strategies.
Levitt, who will based in the company’s Los Angeles headquarters, will become member of the company’s executive management team.
Previously, Levitt served as vice chairman of Apollo Credit Management within Apollo Capital Management. He was also the founder and CEO of alternative investment management firm Stone Tower that was subsequently bought by Apollo.
“Mike’s talents will benefit our firm greatly and ensure Kayne’s legacy continues for the long-term. Today’s investment environment provides our firm with some of the most compelling opportunities I’ve seen, and it is an honor to have someone of his caliber lead our firm’s management as we take advantage of these opportunities,” Sinnott said.
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By GlobalDataKayne commented: “With the addition of Mike, we have strengthened our executive leadership team, provided for continuity in management for the next generation, and ensured my intent for Kayne to remain a private, independent firm for the long-term.”
