Summit Investment Management LLC recently announced the hiring of Jeff Feit as its new managing director for distressed credit sourcing, according to a person familiar with the matter. The hire is expected to help Summit expand its portfolio of distressed credit opportunities and further enhance its investment management services.
Feit brings a wealth of experience to the firm, having worked previously with a number of prominent investment banks and asset management firms. He is also a seasoned investor in both private and public markets, with a deep understanding of distressed debt and corporate restructuring.
His appointment comes as Summit is looking to expand its focus on distressed credit opportunities. The firm's strategy is to create value through proactive management of investments in distressed credits, such as loan workouts and reorganizations. Additionally, Summit is looking to build a portfolio of investments across a range of sectors, including energy, real estate and technology.