SHENKMAN CAPITAL MANAGEMENT, INC. Announces the Appointment of Former Executive Director of Pension Benefit Guaranty Corporation, Bradley D. Belt, as Director

NEW YORK, Nov. 7, 2011 /PRNewswire/ -- SHENKMAN CAPITAL MANAGEMENT, INC., one of the largest independent leveraged finance managers in the United States, today announced the appointment of Bradley D. Belt as a Director.

"We are honored to have Brad join the Shenkman Capital Board of Directors," said Mark Shenkman, President and Chief Investment Officer of SCM. "With his leadership roles in the non-profit and private sectors as well as government, Brad brings a breadth of experience and insight. Brad's appointment strengthens our governance and will help guide us in furthering our reputation as a premier, global institutional money manager."

Mr. Belt said, "I was attracted to Shenkman Capital because of Mark's leadership and the depth and integrity of the senior management team. Its disciplined investment approach and commitment to risk management uniquely position the firm in the leveraged finance market. I look forward to working with Mark and the rest of Board in growing and stewarding the Shenkman brand."

About Bradley D. Belt

Brad is a senior managing director at the Milken Institute, based in Washington, D.C.  Previously, he co-founded Palisades Capital, a boutique restructuring advisory and investment firm, and was the Executive Director of the Pension Benefit Guaranty Corp. As the chief executive officer of the PBGC, Brad was responsible for the operations and management of a $50 billion investment portfolio. Earlier in his career, he served in senior roles at the Securities and Exchange Commission, the Senate Committee on Banking, and the Housing and Urban Affairs. Brad received a degree in economics from the University of Nebraska, a law degree from Georgetown University, and completed a senior executive program at Harvard University's John F. Kennedy School of Government.

About Shenkman Capital

Shenkman Capital is an independent investment management organization, founded and registered as an investment adviser with the SEC in 1985.  Over the past 26 years, Shenkman Capital has dedicated its investment management services exclusively to the leveraged finance market, earning a reputation as a pioneer in the asset class as well as an early practitioner of credit research analytics. Shenkman Capital manages assets for a predominately institutional client base, with offices located in New York, NY, Stamford, CT, and London, UK.

SOURCE SHENKMAN CAPITAL MANAGEMENT, INC.

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