Nick Pappas, a veteran credit specialist who has held senior roles at Michael Hintze’s CQS and Goldman Sachs Group Inc., is starting his own debt fund focused on European investments.
Pappas is planning to launch Faros Point Capital Management with at least $200 million, according to people with knowledge of the matter. Faros point has received backing from a group of US college endowments and plans to close the fund to new capital within the next six months or sooner if it reaches about $500 million, said the people, asking not to be identified as the details are private.
