Managing Director, Member of Americas Fixed Income within Alpha Strategies, Head of Bank Loans Team
Leland Hart, Managing Director, is a member of Americas Fixed Income within Alpha Strategies. He is the Head of the Bank Loans Team. He is also a member of the BlackRock Kelso Investment Committee.
Mr. Hart's service with the firm dates back to 2000, including his years with R3 Capital Partners, which was acquired by BlackRock in 2009. He was a Partner and Head of Europe Leveraged Loans at R3 Capital Partners. Previously, he spent eight years with Lehman Brothers, most recently as a Managing Director in Leveraged Capital Markets focused on the origination, structuring, and distribution of leveraged loans, mezzanine debt, high yield bonds, and equity-linked securities. Earlier, he was in the firm's Leveraged Finance Group. Before joining Lehman Brothers, he was with Bank of America's High Yield Group and the Private Placement Group of Continental Bank, a predecessor firm.
Mr. Hart also serves as a board member of the Loan Syndications and Trading Association.
Mr. Hart earned a BA degree, cum laude, from Middlebury College in 1991 and a MBA degree from the University of Chicago in 1997.
Over the past seven years or so, high yield investors have been handsomely rewarded. Since the depths of the financial crisis in 2008, only the U.S. stock market has outperformed high yield among a large basket of various asset classes, and the high yield market achieved its performance with far less volatility.