Cerberus Business Finance adds managing director Andrew Woolford

By Tali Rackner

Minneapolis, April 4 – Cerberus Capital Management, LP direct lending affiliate Cerberus Business Finance, LLC announced that Andrew Woolford will join the firm as a managing director in its New York office, according to a press release.

Beginning in May, Woolford will manage Cerberus Business Finance's capital markets activities, including the acquisition of performing secondary loans within both the private middle-market and broadly syndicated loan spaces.

"We are very pleased to welcome Andrew to the team. He has deep relationships with many institutions participating in the U.S. middle-market, which will greatly enhance our pipeline of investments and further develop our extensive network of clients," Cerberus Business Finance president Keith Read said in the release.

Woolford joins from Jefferies LLC, where he spent 13 years, most recently as the head of leveraged loan sales. Before that, he spent a combined 21 years in leveraged finance roles at CIBC World Markets, Morgan Stanley, Bankers Trust (BT Securities) and Chemical Bank.

Cerberus is a private investment firm based in New York.

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