Arini appoints hybrid capital head
Alternative asset manager Arini has strengthened its private credit capabilities with the appointment of Ben Kunstler as head of hybrid capital, as the firm expands its private capital offering, according to a report by Alternative Credit Investor.
Alternative asset management firm Arini has bolstered its private credit capabilities by appointing Ben Kunstler as head of hybrid capital, a move aimed at expanding its private capital offerings, according to a report by Alternative Credit Investor. Kunstler, who previously spent 18 years as a partner in Bain Capital's European private equity business, will join Arini with a focus on private credit investment committees and developing the firm's hybrid capital strategy.
This appointment follows Arini's ongoing efforts to expand its private markets platform and offer a wider range of financing solutions to companies. According to Hamza Lemssouguer, Arini's founder and chief investment officer, Kunstler's private equity experience will complement the firm's broader investment platform, which integrates public and private credit strategies with fundamental, sector-focused research.
The current market environment, according to Arini, is generating opportunities for managers to provide flexible, long-term capital to businesses, especially as borrowers and sponsors look for alternatives to traditional financing. With a founding in 2021, Arini currently manages over $20 billion in assets and has developed a strategy that spans both public and private credit.
The hybrid capital approach will offer Arini an additional avenue into private markets, potentially allowing the firm to structure financing across various points in the capital stack instead of relying solely on traditional senior lending.
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