Variant Investments has appointed Qing Fan as senior vice-president of capital markets and named Patrick Dillon as vice-president of investor relations.

The $2.6bn (£1.9bn) private credit investment manager said both appointments will support the firm’s expansion in the institutional investor market and its capital-raising efforts within the US wealth management space.

Fan, who is based in New York, will lead Variant’s capital markets strategy, including syndication initiatives and expansion in the institutional investor market. Before joining Variant, she was co-chief revenue officer and head of capital markets at Raistone, a fintech company.

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Dillon, based in Chicago, will be responsible for raising capital in the US wealth market,  focusing on registered investment advisers, turnkey asset manager programmes and broker-dealers. He previously served as a client portfolio manager and external wholesaler at Community Capital Management.

“We are thrilled to bring Qing and Patrick on board as we continue to broaden our senior team,” said JB Hayes, co-founder and principal at Variant. “Qing has a unique skillset and vast experience in both originations and syndications and will partner closely with our investment and investor relations teams. Patrick’s knowledge of institutional and advisor segments will be instrumental in building and strengthening relationships.”

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Based in Portland, Oregon, Variant makes private investments in niche markets, offering these to investors through closed-end interval funds and a private fund.

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