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Securitization People and Markets

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  • The Carlyle Group is boosting its distressed debt investments and is targeting $400 million for the Carlyle Strategic Partners fund, which invests in the debt of operationally sound, financially distressed companies.
  • William Blair & Co. may add up to 20 sales professionals to market mortgage-backed securities, asset-backed securities and corporate bonds from its Chicago office.
  • BNY Capital Markets has recently begun trading private placements and has snapped up David James, v.p. at First Albany Capital in Morristown, N.J., as v.p. in Roseland, N.J.
  • Natexis Banques Populaires has transferred its secondary loan desk to London from Paris.
  • Manewitz is a managing director in the special situations and restricted investments group for fixed income at TIAA-CREF in New York.
  • Symbol Technologies has shelved a $250 million stock offering and is instead putting in place bank debt to repay a bridge loan that funded the $230 million acquisition of radio frequency identification provider Matrics.
  • J.P. Morgan, Bear Stearns and Deutsche Bank last week launched syndication of a $260 million credit for Del Laboratories.
  • Finacorp Securities, a regional brokerage, may hire up to a dozen institutional fixed-income salesmen to sell high-grade corporates, agencies and structured products.