NORWALK, CT, January 10, 2024 – Mitsubishi HC Capital America, the largest non-bank, non-captive finance provider in North America with $7.5 billion in owned and managed assets, announces that Anand Rao has joined the company as Managing Director, Private Credit for the Structured Finance division.
With more than 20 years’ experience in leveraged finance, distressed investments and restructurings, Rao will be responsible for building and expanding activity across the organization involving private credit, direct lending, and strategic equity investments.
“We are thrilled to welcome Anand to lead the expansion of our private credit business,” said Chris Pagano, Senior Vice President and head of Structured Finance. "Anand’s expertise and proven track record of developing private debt platforms across leveraged finance markets will be instrumental as we look to further develop this critical aspect of our business.”
Rao most recently served as Senior Vice President at Audax Private Debt, where he was instrumental in developing and growing their private debt platform. Rao also held leadership roles in distressed credit and leveraged loan portfolio management at GE Capital. He began his career at Vanderbilt Capital Advisors and Thomson Reuters, where he performed investment research and analysis.
"I am looking forward to bringing innovative solutions to our clients in the middle market space and excited to join the team at Mitsubishi HC Capital America,” said Rao. "With the growing demand for private credit, this is the perfect time to leverage our capabilities and drive the next phase of strategic growth.”
Rao holds an MBA in finance from the University of Hartford, a MS in economics and sociology from the University of Bombay, and a BS in accounting from S.I.E.S. College in Mumbai, India.
About Mitsubishi HC Capital America
Mitsubishi HC Capital America is a commercial finance company that has extensive capabilities throughout North America with its affiliate, Mitsubishi HC Capital Canada, combining a consultative approach and expansive digital platform to help organizations of all sizes accelerate growth. With $7.5 billion in assets and more than 800 employees, the company is the largest non-captive, non-bank commercial finance company in North America. Mitsubishi HC Capital America partners with equipment manufacturers, dealers and distributors, as well as end customers, in providing customized financial solutions, including transportation and commercial finance. Dedicated to improving the communities where it operates, the company is committed to the United Nations Sustainable Development Goals. Visit https://www.mhccna.com/en-us
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