NEW YORK--(BUSINESS WIRE)--Octagon Credit Investors, LLC ("Octagon"), a leading credit-focused investment manager overseeing $33 billion in total assets, announced today that effective January 1, 2025, Andrew Gordon, Executive Chair, will step back from his day-to-day duties and assume the role of Senior Advisor.

Mr. Gordon co-founded Octagon in 1994 and has served in various executive leadership positions over his 30-year tenure at the firm, including serving as Chief Executive Officer for 15 years before transitioning to Executive Chair. Gretchen Lam, who was named Chief Executive Officer in 2024, will continue to lead the firm. As Senior Advisor, Mr. Gordon will continue to mentor and advise Octagon's senior management and will remain a member of the Board of Managers.

Gretchen Lam, Octagon's Chief Executive Officer, said, "On behalf of my colleagues at Octagon and fellow Board members, I want to thank Andy for his innumerable contributions to the firm, and congratulate him on his distinguished 40-year career. I am personally grateful for Andy's mentorship throughout my 25 years at Octagon. I look forward to our continued work together in his role as Senior Advisor."

Mr. Gordon commented, "Gretchen has been an outstanding partner in ensuring a seamless leadership transition. I am confident Octagon is well-positioned for continued success under her leadership. I look forward to having more time to spend with my family and to pursue various outside interests while lending my expertise as a Senior Advisor to support Octagon in this next chapter of the firm's growth."

About Octagon

Octagon is a 30-year-old, $33 billion1 below-investment grade corporate credit investment adviser focused on leveraged loan, high yield bond and structured credit (CLO debt and equity) investments. Through fundamental credit analysis and active portfolio management, Octagon's investment team identifies attractive relative value opportunities across below-investment grade asset classes, sectors, and issuers. Octagon's investment philosophy and methodology encourage and rely upon dynamic internal communication to manage portfolio risk. Over its history, the firm has applied a disciplined, repeatable, and scalable approach in its effort to generate attractive risk-adjusted returns for its investors.

Octagon is majority-owned by Conning, a leading global investment management firm with a long history of serving the insurance industry. Octagon's investment expertise is complemented by Conning's deep understanding of insurers' portfolio requirements and constraints. Octagon and Conning are part of the Generali Investments platform, an ecosystem of asset management firms operating in more than 20 countries, offering distinctive strategies and expert insights to help investors achieve long-term performance. Generali Investments is the asset management arm of the Generali Group, one of the world's largest insurance and asset management groups.

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1) As of August 31, 2024.

Media:
Erin Crawford
Octagon
ecrawford@octagoncredit.com
+ 212 400 8443

Katrin Lieberwirth
Stanton
klieberwirth@stantonprm.com
cell: +1 646 286 5401
off: +1 646 502 3548