Karen Lau is a Managing Director, a member of the firm’s Executive Committee, and a member of Marathon’s Performing Credit Investment Committee. Ms. Lau joined Marathon from Onex Credit, where she served as a Managing Director, Head of U.S. CLOs, managing over $10 billion of AUM across 20 vehicles, and member of the Par Loans & High Yield Investment Committee.  Prior to Onex, Ms. Lau spent six years at TPG Institutional Credit Partners as Co-Head of Portfolio Strategy focused on the CLO portfolios.  Similar to TPG, Karen joined Blackstone Credit at the inception of its CLO business in the early 2000s, serving over ten years as Senior Investment Analyst covering a wide range of sectors.  Ms. Lau received a B.S. in Finance from the Leonard Stern School of Business at New York University.

Matthew Maxwell is a Managing Director and Head of U.S. Loans where he serves as a Portfolio Manager for the U.S. CLO platform.

Prior to joining Carlyle, Mr. Maxwell was a Managing Director and Portfolio Manager at BlackRock, serving as the head of BlackRock's U.S. CLO issuance business and a lead portfolio manager on leveraged loan separately managed accounts. Previously, Mr. Maxwell led leveraged loan desk research at Morgan Stanley from 2011 to 2016. Mr. Maxwell also worked at Deutsche Bank in leveraged & distressed credit research and investment banking from 2004-2011.

Mr. Maxwell earned a BS in Applied Economics & Management from Cornell University.

Dagmara Michalczuk

Co-Chief Investment Officer

Dagmara is Co-Chief Investment Officer for Tetragon Credit Partners. She joined the group in early 2007 and prior to that was an Associate in Morgan Stanley’s Securitized Products Group working on the structuring desks in New York and London. At Morgan Stanley, she was involved in the structuring and execution of CDO and CLO transactions across multiple underlying asset classes and structural types. Dagmara holds an MBA from The Wharton School of the University of Pennsylvania and a BS in Industrial and Labor Relations from Cornell University. She is based in New York.

Stephanie Walsh, Partner and Head of US CLOs at Bain Capital Credit 

Ms. Walsh joined Bain Capital in 2007. She is a Partner on the Bain Capital Credit team and Head of US CLOs responsible for the origination and management of the funds. During 2014 through 2016, she was based in the London office responsible for the European CLO platform. Prior to focusing on US CLOs, Ms. Walsh was a Portfolio Manager in our Liquid Credit business helping grow and manage separate accounts and comingled funds from 2011 to 2016. She started her career at Bain Capital as a member of the industry research team focused on the Energy and Utility sectors. Previously, Ms. Walsh was an analyst at Goldman Sachs in the Bank Debt Portfolio Group.

Ms. Walsh received a B.B.A. in Finance from the University of Notre Dame graduating cum laude. She is currently a member of Notre Dame’s Wall Street Leadership Committee.

Andrew Berlin is Vice President, Director of Policy Research at the LSTA. In this role, he strategizes with the Policy team on the LSTA’s initiatives, develops thought leadership, policy-related research, and presentations, and engages loan and CLO market participants, press, regulators, lawmakers, and other stakeholders on market developments and the LSTA’s policy positions.

Previously, Andrew was the Director of Global Financial Services Industry Thought Leadership and Content Strategy at Protiviti, a global consulting firm and wholly owned subsidiary of Robert Half. He has over a decade of experience covering leveraged finance capital markets through the credit lifecycle as a journalist and in editorial leadership roles at Debtwire, Reuters, and Reorg.

He received an MBA in finance from Boston University and a BFA in drama from New York University.