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Balbec Capital Announces Leadership Transition and Appointment of Four New Partners

via Business Wire

Balbec Capital, LP (“Balbec”), an alternative investment manager with over $16 billion in platform assets, today announced that Balbec Partner and President Peter Troisi has been appointed Chief Executive Officer, succeeding Founding Partner Charles Rusbasan, who will transition to the role of Executive Chairman alongside Chairman Warren Spector.

Mr. Troisi joined Balbec at its inception in 2010 and has been a key driver in building out the firm’s investment and capital formation capabilities. He assumed the role of President in 2023. As CEO, he will continue to support the firm’s Portfolio Managers in advancing Balbec’s investment strategy, while managing the firm and its ongoing strategic growth.

Balbec today also announced that it has elevated four senior executives to Partner, expanding the 100% employee-owned firm’s Partnership to 10 executives. The new Partners are:

  • Christina Houghton, Chief Financial Officer, who joined Balbec in 2022;
  • Matthew Rosen, Head of Real Estate Asset Management, who joined Balbec in 2015;
  • Ryan Singer, Head of Residential Credit, who joined Balbec in 2013; and
  • Bo Wang, Head of Investment Risk & Analytics, who joined Balbec in 2011.

Mr. Rusbasan said, “Over the past 15 years, we have scaled the platform while staying true to our core competency: investing in and managing operationally complex assets to deliver strong risk-adjusted returns for investors. Pete has earned the trust of our colleagues, investors and counterparties due to his steadfast dedication and substantial contributions to the firm. His appointment as CEO – coupled with our commitment to succession planning with a new generation of Partners – reflect Balbec’s dedication to providing meaningful opportunities for career advancement. As I transition to the role of Executive Chairman, I do so with great confidence that Balbec has cemented its position at the forefront of asset-based credit and has the ideal leadership team in place to continue innovating to meet the evolving needs of global investors.”

Mr. Troisi added, “I am honored to step into my new role as CEO at this pivotal point in Balbec’s journey. I have worked closely with Chuck since 2006 and am grateful for his leadership and mentorship as we have built Balbec into a differentiated asset-based credit platform with a proven track record across various cycles and market dislocations. I am excited to lead the firm through its next phase of growth and to welcome Christina, Matt, Ryan, and Bo to the Balbec Partnership.”

Mr. Spector concluded, “These well-deserved appointments demonstrate Balbec’s deep bench of talent and serve as the natural next step to ensuring we are best positioned for continuity, growth and success well into the future. As Balbec’s market opportunity expands and investor demand for private asset-based credit increases, I am pleased to continue to provide oversight and guidance alongside Chuck for the benefit of the firm and our investors.”

Balbec’s leadership transition and appointment of four new Partners follows a banner start to 2025 for the firm. In January, the firm successfully closed InSolve Global Credit Fund VI (“IGCF VI”), which between the flagship fund and related vehicles, raised over $1.7 billion in equity commitments, making it Balbec's largest fundraise cycle to date. Subsequently, in February, Balbec priced its 70th RMBS issuance under its PRPM shelf, surpassing $21 billion bonds sold to more than 135 investors since 2015.

About Balbec Capital, LP

Balbec is an SEC-registered alternative investment manager with offices in the United States and Europe. Balbec is a direct investor in residential and commercial mortgage loans at all stages of performance, mortgage servicing rights, and select consumer and alternative credit assets. Leveraging its proprietary technology and transaction management platform, Balbec efficiently executes highly granular transactions, enabling the firm to serve a broader range of counterparties and generate returns for investors by applying institutional execution standards to inefficient, underserved or fragmented markets.

Balbec’s funds rank among the largest and most frequent issuers of U.S. residential mortgage-backed securities (RMBS) through its PRPM shelf. The firm’s investments in agency mortgage servicing rights are sourced via its affiliate, Bungalow Funding.

For more information, please contact ir@balbec.com or visit https://balbec.com/.

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