Beach Point Taps TPG AG, Blackstone Alum Baumgarten as CIO

Beach Point Capital Management hired Joshua Baumgarten, a credit veteran who previously worked at TPG Angelo Gordon and Blackstone Inc., as its president and chief investment officer.

Baumgarten will join the firm’s executive committee, according to an emailed statement.

He left TPG Angelo Gordon last year after a nearly decade-long tenure, most recently serving as co-managing partner and head of credit. Baumgarten previously served as co-chief executive officer at Angelo Gordon, before it was acquired by TPG Inc.

Prior to joining Angelo Gordon, Baumgarten worked at Blackstone for nine years, where he managed the credit platform and launched ...