DW Investment adds Biran, Buck to its distressed corporate team

By Tali Rackner

Norfolk, Va., April 8 - DW Investment Management, LP announced in a press release that Joel Biran and John Buck have joined the firm's distressed corporate team.

Biran and Buck represent senior additions to DW Investment's existing team and bring experience in rescue finance, middle-market lending, turnarounds and other operationally intensive workout and distressed-for-control situations, the release said.

They will focus on expanding DW Investment's stressed and distressed corporate credit efforts, with an emphasis on investments in distressed and underperforming middle-market companies.

Biran and Buck have "experience originating, structuring and managing investments in troubled companies," founder and chief investment officer David Warren said in the release.

Prior to joining DW Investment, Biran and Buck were managing directors at Versa Capital Management, where they focused on control investments in distressed middle-market companies.

Before his time at Versa, Biran pursued a similar investment strategy while at American Capital. Buck was a member of the private equity team at Cerberus Capital Management.

DW Investment is a credit management firm in New York.

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