Reservoir-backed Octavian hires distressed debt pros

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Octavian Advisors, the globally-focused special situations shop backed by Reservoir Capital Group, has hired Arif Gangat and Oscar Mockridge as managing director and director, respectively, to work on the firm’s distressed debt team.

Gangat previously worked at Southpaw Asset Management, where he oversaw distressed debt and special situation equity investments. Prior to that, he was a managing director at Sandell Asset Management.

Mockridge joins from Sailfish Capital Partners, where he was responsible for leverage finance research and activist trading. Previously, he had served as a senior vice president in Halcyon Asset Management’s distressed debt and special situations area.

New York-based Octavian,