Balbec Capital, an alternative investment manager with more than $16 billion in platform assets, has announced that Balbec partner and president Peter Troisi has been appointed CEO, succeeding founding partner Charles Rusbasan, who will transition to the role of executive chairman alongside chairman Warren Spector.

Troisi joined Balbec at its inception in 2010 and has been a key driver in building out the firm’s investment and capital formation capabilities. He assumed the role of president in 2023. As CEO, he will continue to support the firm’s portfolio managers in advancing Balbec’s investment strategy, while managing the firm and its ongoing strategic growth.

Balbec has also announced that it has elevated four senior executives to partner, expanding the 100 percent employee-owned firm’s partnership to 10 executives. The new partners are Christina Houghton, CFO, who joined Balbec in 2022; Matthew Rosen, head of real estate asset management, who joined Balbec