Chicago-based investment firm, Victory Park Capital (VPC), has hired Connell Hasten and Joshua Platek to lead the firm’s new insurance services division.
Hasten, who joins as partner, and Platek, who has been appointed vice president, will serve as co-founders of the insurance services platform, primarily responsible for sourcing, underwriting, executing and managing investment opportunities for insurers.
Hasten brings his experience to the VPC for more than ten years. Previously, he served as the managing director of EquiTrust Life Insurance Co., an insurance company with an estimated $ 20 billion asset, which he oversaw a large portion of private and public debt and equity investments. Before joining EquiTrust, he served as a director at Guggenheim Partners and served as portfolio manager for major investment portfolios on behalf of insurance companies. Previously, Hasten was vice president of the Bank of America in special cases and real estate loan groups.
Platek joined the VPC from EquiTrust Life Insurance Co. and managed a private debt and structured loan portfolio together as vice president. Prior to EquiTrust, Platek worked at Maranon Capital, a Chicago-based high-level finance, shareholder debt and stock share for mid-market transactions. He began his career at Paul Capital, a New York-based private equity fund.
Both Hasten and Platek joined the VPC in November and took part in the firm’s Chicago office.
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