Melody was founded in 2012 and its investment team is led by Cesar Gueikian, Omar Jaffrey and Andres Scaminaci (“Founders”). Cesar Gueikian built and managed the Special Situations Group (“SSG”) globally, a loan origination and credit opportunities group at UBS Investment Bank (“UBS”). Andres Scaminaci and Omar Jaffrey were co-Heads of Americas SSG. Together they originated, led and invested over $3 billion of senior secured loans in multiple companies and across complex situations.
During the course of 2012 the Founders recognized that the implementation of new bank capital rules, primarily Basel III, coupled with political intervention and increasing regulation were forcing banks to reduce the availability of credit for middle market, private and unrated borrowers. At the same time, the need for growth capital and creative solutions has been increasing, creating a supply-demand gap. The Founders recognized that this gap represented an opportunity to establish an independent, solutions based lending platform to extend credit to private, unrated companies around the world. Therefore, in late 2012 they formed Melody Capital Partners, LP, a predecessor entity of Melody Capital Management, to make loans to private and unrated companies and asset rich borrowers who value a solutions based partner.