Firm NewsCredit

Michiel von Saher Joins Angelo Gordon as Managing Director, European Performing Credit

September 4, 2019

NEW YORK – September 4, 2019 – Angelo, Gordon & Co., L.P. (“Angelo Gordon” or the “Firm”), a $34 billion alternative investment firm focused on credit and real estate investing, announced today that Michiel von Saher has joined the Firm as a managing director based in London – expanding the Firm’s Performing Credit team to 13 dedicated investment professionals, including four in the U.K. 

In this role, Mr. von Saher is responsible for leading European performing credit research and identifying credit investment opportunities across the region. He will work alongside Managing Director and Portfolio Manager Steven Paget, who joined the Firm in 2018 to lead the build out of Angelo Gordon’s European Performing Credit business with Global Head of Performing Credit Maureen D’Alleva and Head of Europe Daniel Pound. 

“Michiel is an industry veteran whose decision to join the Firm is a testament to the strength of our Performing Credit platform and our commitment to growing the business. His deep knowledge of European credit markets and extensive experience developing and running research teams will support our ongoing international expansion,” said Ms. D’Alleva. “Michiel’s consistent focus on investment performance and demonstrated ability to manage through the cycle, coupled with his wide professional network in the European leveraged loan and CLO markets, will improve our ability to identify and capitalize on attractive international investment opportunities and create value for our investors around the globe.” 

“Angelo Gordon is one of the longest standing global credit managers currently active in the market, and it is an honor to join such an established group,” said Mr. von Saher. “I look forward to working with the team to continue enhancing the Firm’s distinctive credit platform and expanding the CLO business in Europe.” 

“We are pleased to welcome Michiel to the Firm and are excited to build on the tremendous momentum the European Performing Credit business has gained,” said Mr. Paget. “Over the course of the last year, we have put in place an excellent European Performing Credit team, which has benefited from Angelo Gordon’s robust global credit platform and will continue to grow and be further strengthened by Michiel’s addition.” 

Mr. von Saher comes to Angelo Gordon with 24 years of experience as a credit analyst in Europe. He most recently served as a managing director and head of the European Credit Research team at PGIM Fixed Income, where he was also co-chair of the PGIM Fixed Income ESG Committee. Prior to joining PGIM in 2005, Mr. von Saher spent six years at NIBC, ultimately serving as head of the Intermediate Capital group, where he focused on arranging subordinated and mezzanine debt facilities for European mid-market MBOs and invested in syndicated mezzanine transactions. Earlier, Mr. von Saher spent six years at MeesPierson/Fortis in various acquisition finance and corporate lending roles. 

Established in 1998, Angelo Gordon’s Performing Credit platform currently manages approximately $6.1 billion – including $3.6 billion from seven new CLOs priced since 2017 – and aims to execute an absolute, total return investment strategy that seeks to generate returns from both current income and capital appreciation. The Firm’s Performing Credit team invests in predominantly non-investment grade credit instruments and utilizes fundamental credit analysis to identify appealing investment opportunities in North America and Europe, often finding value in overlooked or misunderstood securities. 


Angelo, Gordon & Co., L.P. (“Angelo Gordon”) is a privately held limited partnership founded in November 1988. The firm currently manages approximately $34 billion with a primary focus on credit and real estate strategies. Angelo Gordon has over 515 employees, including nearly 210 investment professionals, and is headquartered in New York, with associated offices elsewhere in the U.S., Europe, and Asia. For more information, visit 

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