EA Kratzman has joined Katonah Capital from Rabobank to manage new funds the firm will be raising. Chris Lacovara, a principal at Kohlberg &Co., confirmed the hire but declined to comment further on Kratzman's duties. At the end of April Katonah replaced the portfolio managers for funds Katonah II, Katonah III, Katonah IV and Katonah V after receiving approvals from the funds' shareholders and noteholders (LMW 4/22). "We expect to complete arrangements for existing funds," Lacovara said.
Sankaty Advisors will take over the second, third and fourth deals, INVESCO Senior Secured Management has become the replacement for the fifth and Katonah expects to enter into a sub-advisory with Blackstone Debt Advisors for the first and sixth deals. Katonah was forced to find replacements after Joyce DeLucca left to form Kingsland Capital triggering key man provisions in most of the funds (4/22).
Before joining Katonah, Kratzman was head of CLO management at Rabobank.
