BOSTON and NEW YORK – Evolution Credit Partners Management (“Evolution”), a distinguished alternative credit firm overseeing approximately $3 billion in assets, today announced the appointment of John-Carl (“J.C.”) Barone as Managing Director.
Barone, who has garnered extensive experience in the capital markets over the last two decades, specializes in working capital finance, including trade finance and accounts receivable capital solutions for corporate clients.
René Canezin, Founder and Managing Partner of Evolution, expressed enthusiasm about Barone’s appointment, stating, “JC’s vast knowledge and compelling background in alternative credit solutions brings well-rounded insight to our expanding working capital finance business, and his leadership will prove invaluable as we continue to meet the growing needs of our high yield corporate clients. We look forward to welcoming him to our New York office as a member of the investment team.”
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Prior to joining Evolution, Mr. Barone held the position of Executive Director, Head of Alternative Credit Origination & Sales at JP Morgan Chase Bank. There, he led the Global Alternative Credit Franchise, playing a pivotal role in assessing client needs and establishing innovative capital solutions tailored to meet their unique financial demands.
Evolution has actively developed its working capital finance investment strategy since 2021, investing over $700 million in capital to provide short-term financing solutions for sub-investment grade companies. These companies, often overlooked by traditional credit providers like banks and insurance companies, benefit from Evolution’s tailored and strategic financial support. The firm’s commitment to this area is supported by a dedicated investment team, which diligently evaluates opportunities across a broad range of industries worldwide.
