H.T. Flanagan is a debt finance partner in the Dallas and New York offices of Kirkland & Ellis LLP. He advises private credit funds, alternative lenders and other investors in traditional private credit financings and bespoke capital solutions. He counsels such credit-oriented investors on direct originations, secondary market opportunities, complex intercreditor issues and novel structured capital investments. In addition to his private credit-focused lender-side practice, H.T. also advises private equity firms and their portfolio companies on a range of borrower-side leveraged finance transactions. He has extensive experience representing both lender and borrower private capital clients on acquisition financings, liability management transactions, debtor-in-possession financings, hybrid capital instruments and special situations investments.

H.T. has been named as one of the future leaders in leveraged finance as part of the “500 X – The Next Generation” by Lawdragon and is recommended for private credit by The Legal 500 United States. Prior to entering law school, H.T. was a pitcher for the Washington University baseball team, where he was a three-time academic all-conference selection.

Michael Haynes – Portfolio Manager, Head of Private Credit

Michael Haynes is a Portfolio Manager and the Head of Private Credit strategies at Beach Point Capital Management. Mr. Haynes, who has been in the finance industry since 1996, also serves the head of the firm’s New York office. Prior to Beach Point he was a Director at Post Advisory Group. Mr. Haynes was previously at Babcock & Brown where he was responsible for principal investing and advisory assignments involving debt and equity across a range of industries and asset types. Earlier, he was the Vice President & Treasurer of Sirius Satellite Radio, where he was responsible for raising capital, strategic planning, and investor relations. Mr. Haynes has also served as an Investment Banker at Merrill Lynch and Oppenheimer. 

He currently serves on the board of advisors of the Tufts University Athletics Department. Mr. Haynes received a bachelor’s degree from Tufts University.

Ray Costa

Head of US Special Situations

Managing Director

Ray Costa is a Managing Director, Head of US Special Situations, and Portfolio Manager with Benefit Street Partners and is based in our New York office. He leads the firm’s US Special Situations strategy, focusing on opportunistic and distressed credit investments across market cycles.

Prior to joining BSP in 2014, Mr. Costa was a Managing Director at Deutsche Bank Securities, where he was Global Head of Special Situations and Co-Head of Credit Fixed Income Trading for North America. Earlier in his career, he worked at Donaldson, Lufkin & Jenrette Securities Corporation.

Mr. Costa received a Bachelor of Arts from the State University of New York at Albany.

Since his commencement of employment in late November 2025, Robert Ruberton joined Lane42 as a Co-Founder and Portfolio Manager, based in the New York office. He joins after 21 years at Apollo Global Management, where he played a key role in establishing and growing various credit and special situations businesses. He was most recently a Partner and Co-Head of Hybrid Value, a $14 billion capital solutions and structured equity business which he co-founded in 2017.

Prior to Hybrid Value, Mr. Ruberton was a Partner, business head, and portfolio manager across multiple strategies, including Illiquid Opportunistic Credit, European Credit, the ALME European CLO platform, Asia Credit, Energy Credit, and Apollo Investment Corporation, a listed BDC. Mr. Ruberton was the chair or member of numerous Apollo investment committees and was a member of the firm's Partner Committee. He joined Apollo in 2004 after four years at Arsenal Capital Partners, a middle-market private equity fund. Before Arsenal, he was an investment banker at Donaldson, Lufkin & Jenrette from 1997 to 2000.

Mr. Ruberton graduated cum laude from Harvard College with an A.B. in Economics. 

He is a member of the Board of Trustees of the Peddie School and of Montclair Kimberley Academy, where he chairs both schools' Investment Committees and sits on their Executive Committees.