Alternative investment manager Eastern Asset Management has appointed Michael Mahar as head of capital formation and Carmelena (Carm) Moffa as managing director, innovation and operations strategy.

The firm said the appointments form part of its plans to expand the platform and grow its assets.

Mahar will lead fundraising for the firm’s offerings, having previously served as head of capital formation at American Triple I Partners, an infrastructure investment manager.

Moffa has joined Eastern from IBM Global, where she served as chief financial officer of business development.

Read more: LBP AM European Private Markets expands team with two hires

“We are excited to welcome Michael and Carm to Eastern,” Mike Lungariello, president and partner, Eastern Asset Management told Alternative Credit Investor.

“As we continue to grow the platform and expand our investment strategies, building and deepening our institutional investor relationships is a key priority. Michael’s experience across private credit and real assets makes him a great addition to the team, and we look forward to having him lead our capital formation efforts.”

Read more: Arini hires hybrid capital head as private credit team grows 

Eastern Asset Management is an alternative investment manager based in Greenwich, Connecticut, and specialises in asset-backed, market neutral opportunities.

Read more: Faes & Co moves into London with new hire