HarbourVest Partners has appointed Tony Ranaldi as managing director of evergreen portfolio management, where he will lead portfolio management for the firm’s private credit evergreen strategy.

Ranaldi will oversee portfolio construction and investment strategy for the firm’s private credit evergreen solutions, including credit secondaries and direct credit, as well as investment monitoring, liquidity and risk management.

He will also work with teams across HarbourVest’s global investment platform. He joins HarbourVest from Sixth Street, where he served as senior advisor sourcing and evaluating opportunities across private credit.

Read more: Amundi strengthens Asia emerging markets debt team

“We continue to invest meaningfully in our evergreen platform as we scale our capabilities and build solutions that bring the breadth of HarbourVest’s private markets platform to a growing range of investors,” said Monique Austin, managing director, head of evergreen solutions.

“Tony brings deep credit investing experience and a strong track record of building and managing portfolios across market cycles.”

“Credit secondaries represent a compelling opportunity for investors that HarbourVest is distinctly positioned to help clients access,” Ranaldi added.

“The firm’s multi-manager approach gives the team broad visibility across the private credit landscape as well as access to an extensive network of managers, and I look forward to building on those strengths for our clients.”

Read more: SVP appoints Goldman executive as president