Arini expands private credit platform with appointment of 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 manager Arini has bolstered its private credit capabilities by appointing Ben Kunstler as head of hybrid capital, according to a report by Alternative Credit Investor. Kunstler, who is joining from Bain Capital, spent 18 years in the firm's European private equity business. As the head of hybrid capital at Arini, he will participate in the private credit investment committees and contribute to developing the firm's hybrid capital strategy.
This appointment occurs as Arini continues to expand its private markets platform and broaden the range of financing options available to companies. Hamza Lemssouguer, Arini's founder and chief investment officer, stated that Kunstler's private equity investor perspective will complement Arini's diversified investment approach, which integrates public and private credit strategies with sector-focused research.
The current market environment presents opportunities for managers offering flexible, long-term capital to businesses, particularly as borrowers and sponsors seek alternatives to conventional financing. Arini was established in 2021 and now manages over $20 billion in assets. The hybrid capital strategy will provide Arini with an additional route into private markets, potentially enabling the firm to structure financing along various points of the capital stack instead of relying solely on traditional senior lending.
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