GoldenTree Asset Management, a global asset management firm with approximately $55bn in AUM active across the credit space, has appointed Avineet Punhani as Principal.

Punhani will be based in the firm’s New York office and will report to Grady Frank, Partner and Head of Private Credit Origination.

Punhani joins GoldenTree from PNC Financial Services, where he served as Managing Director and led their global origination efforts in the technology industry.

GoldenTree, which was founded in 2000 by Steve Tananbaum, specialises in opportunities across the credit universe in sectors such as high yield bonds, leveraged loans, private credit, distressed debt, structured credit, emerging markets, real estate, as well as private equity and credit-themed equities.