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Centerbridge MD jumps to BlackRock to lead distressed investing

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Dave Trucano joins the firm's expanding leveraged finance team Monday in New York.

 
  Dave Trucano

Dave Trucano, until recently a managing director at prominent private equity and credit investor Centerbridge Partners, is set to join BlackRock's leveraged finance team as a portfolio manager leading the firm's distressed debt effort.

Trucano starts Monday in BlackRock's New York office, reporting to James Keenan, head of leveraged finance portfolios and investments, according to a spokesman for the firm. BlackRock managed $24.15 billion in hedge fund assets as of June 30, according to Absolute Return's Billion Dollar Club ranking.

"We're thrilled to be adding a portfolio manager of Dave's caliber to the