Armory Group Hires Napier Park's Duplessie For Distressed Role

Nov 3 2017 | 10:32pm ET

Armory Group has named industry veteran and former Napier Park Global Capital executive James Duplessie as a senior principal.

In his new role, Duplessie will work with Armory co-founder and portfolio manager Nick Tell to help identify, evaluate and execute on distressed investment opportunities in the middle market, according to a statement. He will also help oversee Armory's other investment strategies, which include discounted high yield bonds and leveraged loans for middle market companies.

Duplessie began his investing career in the early 1990's with O'Connor & Associates. He later co-founded Epic Asset Management to focus on investing in middle market distressed companies. Epic was acquired in 2008 by Citigroup, where James served as head of distressed debt strategies. 

Most recently, Duplessie led the distressed debt team for Napier Park Global Capital, the $9 billion alternative investment manager formed when Citigroup spun out its hedge fund group in 2010.

"With a large portion of middle market high yield debt expected to mature in the next two years, we believe we are approaching the start of another distressed debt cycle for middle market investing," said Tell in the statement. "James' extensive experience, relationships and track record in distressed investing will be advantageous for Armory's middle market platform."

Founded in 2008, Amory Group provides financial and strategic advisory, capital markets and asset management services to middle market companies and their stakeholders. 

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