May 2025

May 2025

HARTFORD, Conn., May 29, 2025 – Nassau Financial Group (“Nassau”) today announced that it has named Joe Orofino as its new Chief Investment Officer, effective July 1, 2025.

Orofino currently serves as Nassau’s Deputy Chief Investment Officer and was previously the Head of Fixed Income. As Chief Investment Officer, he will report to Phil Gass, Chairman and CEO of Nassau. Orofino will succeed David Czerniecki.

“Since joining Nassau in 2022, Joe has made a significant impact across the company, including his oversight of our insurance portfolios. As we continue to accelerate our growth plans, I am excited for Joe’s added responsibilities as our next Chief Investment Officer,” Gass said. “I want to thank David for his commitment to building our asset management business over the last six years.”

NEW YORK, May 6, 2025 – Nassau Global Credit (NGC) announced the closings of collateralized loan obligations (CLOs) in the U.S. and Europe totaling $868 million.

NGC CLO 2 Ltd., which closed on April 17, 2025, is a $409 million CLO supported by a collateral pool consisting primarily of broadly syndicated senior secured loans.
NGC Euro CLO 5 DAC, which closed on May 2, 2025, is a €406 million CLO supported by a collateral pool consisting primarily of European broadly syndicated senior secured loans.

NGC was launched in 2023 through the combination of Angel Island Capital Management and Nassau Corporate Credit. Since 2017, the firm has issued 11 U.S. dollar-denominated CLOs, five Euro-denominated CLOs, and one opportunistic credit CLO.

Nassau Financial Group Names Joe Orofino as Chief Investment Officer, Effective July 1, 2025

Nassau Global Credit Closes Two Collateralized Loan Obligations Totaling $868 Million

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