AS Birch Grove, an alternative investment manager focused on corporate credit opportunities in North America and Europe, appointed Todd Duker as managing director as interest in the collateralized loan obligation (CLO) market continues to rise.

Duker brings nearly two decades of experience in structured products and CLOs. He was most recently a senior member of the CLO team at Goldman Sachs, where he focused on structuring, origination, distribution and financing.

Prior to Goldman Sachs, he worked at Guggenheim Securities, where he focused on structured products distribution, and Presidential Bank, where he focused on investments within the CLO asset class.

At Birch Grove, he will focus on managing and developing investor relationships, marketing structured fund products, and the structuring and execution of CLOs.

“Todd will help us build upon our leading CLO platform, elevating our ability to enhance our investment portfolio and strengthen our ability to provide exceptional service to our investors and partners,” said Birch Grove CEO and CIO Jonathan Berger.

NY-based AS Birch Grove has $7 billion in assets under management across multi-strategy credit, CLOs and private credit strategies. The firm was formed in 2021 though the merger of American Securities credit business and Birch Grove Capital. The firm is led by founders Andrew Fink and Berger.

In 2023, AS Birch Grove closed three CLOs. Birch Grove CLO 5 raised $400 million; CLO 6 raised $500 million; and CLO 7 raised $460 million. The CLO 8 warehouse has a $500 million goal and is currently available to investors.