MUFG expands Direct Lending team

Rhea-AI Summary

Mitsubishi UFJ Financial Group (MUFG) announced the expansion of its Direct Lending business with the hiring of Claude Mattessich and Will McCarthy as Managing Directors and Senior Originators. Mattessich will be based in New York City and McCarthy in Chicago. Both professionals bring extensive experience in structuring capital solutions for private equity clients. This hiring follows the recent formation of a Direct Lending group aimed at supporting LBO and recapitalization transactions for private equity sponsors, led by Matt Maley.

Positive

• Expansion of the Direct Lending business, indicating growth potential.
• Hiring of experienced professionals, enhancing service capabilities for private equity clients.

Negative

• None.

Claude Mattessich and Will McCarthy join MUFG as Managing Directors and Senior Originators

NEW YORK, Sept. 7, 2022 /PRNewswire/ -- Mitsubishi UFJ Financial Group (MUFG) announced today the expansion of its newly formed Direct Lending business with the hiring of Claude Mattessich and Will McCarthy. Both Mr. Mattessich and Mr. McCarthy have joined the bank as Managing Directors and Senior Originators.

Mr. Mattessich will be based in New York City, while Mr. McCarthy will be based in Chicago. Both will report to Christopher Freeman, Managing Director, in the Direct Lending group.

Last month, MUFG announced the formation of a Direct Lending group that will focus on providing loans to the bank's private equity sponsor clients to support their portfolio company LBO and recapitalization transactions. The team will be led by Matt Maley, who joined MUFG in 2018 to run sponsor coverage. Mr. Freeman reports to Mr. Maley.

"We are excited to welcome Claude and Will to our team, as we continue to focus our efforts on serving our sponsor clients," Christopher Freeman, Managing Director in the Direct Lending group, said. "Claude's and Will's extensive expertise in successfully structuring tailored capital solutions, and strong regional industry relationships made them complimentary additions to our business."

With nearly 30 years of professional experience, Mr. Mattessich joins MUFG from CIT Bank, where he focused on managing relationships with private equity firms, investment banks, capital markets, turnaround advisors, and boutique capital providers on financing alternatives. Prior to that, Mr. Mattessich held various roles at Capital One Financial Corp., Merryll Lynch, and Webster Financial Corp.

Mr. McCarthy joins MUFG from LBC Credit Partners, where he was part of the Middle Market Leveraged Finance Group, responsible for generating unitranche and senior secured, private-equity owned, leveraged lending opportunities for middle-market funds in the Midwest, as well as in Boston and Connecticut markets. His additional past experience includes roles at ORIX Corporation, ING Capital, and GE Commercial Finance.

Press contact:
Oksana Poltavets
(646) 767-1326
opoltavets@us.mufg.jp  

About Mitsubishi UFJ Financial Group, Inc.'s U.S. Operations including MUFG Americas Holdings Corporation
The U.S. operations of Mitsubishi UFJ Financial Group, Inc. (MUFG), one of the world's leading financial groups, has total assets of $332.4 billion at March 31, 2022. As part of that total, MUFG Americas Holdings Corporation (MUAH), a financial holding company, bank holding company, and intermediate holding company, has total assets of $159.2 billion at March 31, 2022. MUAH's main subsidiaries are MUFG Union Bank, N.A. and MUFG Securities Americas Inc. MUFG Union Bank, N.A. provides a wide range of financial services to consumers, small businesses, middle-market companies, and major corporations. As of March 31, 2022, MUFG Union Bank, N.A. operated 297 branches, consisting primarily of retail banking branches in the West Coast states. MUFG Securities Americas Inc. is a registered securities broker-dealer which engages in capital markets origination transactions, domestic and foreign debt and equities securities transactions, private placements, collateralized financings, and securities borrowing and lending transactions. MUAH is owned by MUFG Bank, Ltd. and Mitsubishi UFJ Financial Group, Inc. MUFG Bank, Ltd., a wholly owned subsidiary of Mitsubishi UFJ Financial Group, Inc., has offices in Argentina, Brazil, Chile, Colombia, Peru, Mexico, and Canada. Visit www.unionbank.com or www.mufgamericas.com for more information.

About MUFG
Mitsubishi UFJ Financial Group, Inc. (MUFG) is one of the world's leading financial groups. Headquartered in Tokyo and with over 360 years of history, MUFG has a global network with approximately 2,400 locations in more than 50 countries. The Group has about 170,000 employees and offers services including commercial banking, trust banking, securities, credit cards, consumer finance, asset management, and leasing. The Group aims to "be the world's most trusted financial group" through close collaboration among our operating companies and flexibly respond to all of the financial needs of our customers, serving society, and fostering shared and sustainable growth for a better world. MUFG's shares trade on the Tokyo, Nagoya, and New York stock exchanges. For more information, visit https://www.mufg.jp/english.

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SOURCE MUFG

FAQ

What recent hiring announcement did MUFG make?

MUFG announced the hiring of Claude Mattessich and Will McCarthy as Managing Directors and Senior Originators in its Direct Lending business.

What is the focus of MUFG's newly formed Direct Lending group?

The Direct Lending group focuses on providing loans to private equity sponsors for LBO and recapitalization transactions.

Who leads the Direct Lending group at MUFG?

The Direct Lending group is led by Matt Maley, who has been with MUFG since 2018.

Where will the new Managing Directors be based?

Claude Mattessich will be based in New York City, while Will McCarthy will be based in Chicago.

What kind of experience do the new hires bring to MUFG?

Mattessich and McCarthy bring extensive experience in structuring capital solutions for private equity and leveraged lending.