The board of directors of CĪON Investment Corporation, a publicly registered non-traded business development company, hired Gregg Bresner to serve as senior managing director and chief investment officer. He will also serve as senior managing director and chief investment officer of CĪON Investment Management, the company’s investment adviser, and as a member of CIM’s investment committee.
Bresner has 25 years of corporate finance, investment and portfolio management experience with a focus in the leveraged finance sector. Prior to joining CĪON and CIM, he worked at investment management and banking firms including Wasserstein Perella & Co., Bankers Trust Company, BT Alex. Brown, Deutsche Bank, Briscoe Capital Management and Plainfield Asset Management.
Bresner served as the operating chief financial officer of JDS Therapeutics from 2012 to 2016. At JDS, he led the company’s financial, accounting, capital raising, corporate development and human resource functions and completed multiple capital raises, licensing transactions and acquisitions.
In 2010, he co-founded Tyto Capital, an investment firm specializing in private debt and equity investments in U.S. based middle-market companies. In 2003, he co-founded Briscoe Capital Management, a registered investment manager and the portfolio manager of the Fairfield Briscoe Senior Capital Fund, a debt fund focused on non-investment grade senior secured debt assets.
Bresner graduated magna cum laude with a bachelor’s degree from Rensselaer Polytechnic Institute and received his master’s in business from the Columbia University Graduate School of Business, where he was a Beta Gamma Sigma scholar.
CĪON invests primarily in the senior-secured debt of private U.S. middle market companies. As of December 31, 2015, it had interests in 142 portfolio companies with a fair value of $1.33 billion, of which 93 percent were senior secured investments and 97 percent were floating rate investments. CĪON is advised by CĪON Investment Management and sub-advised by Apollo Investment Management L.P.