Michael Cherry has been an advisor to PPMT since 2017. In addition to his role at PPMT, Mr. Cherry is the Managing Partner at MGMT Management LLC, where he is the lead financial sponsor in underwriting each of MGMT transactions. His activities include deal sourcing, analysis, raising debt/equity financing and subsequent monitoring and management oversight.
Mr. Cherry retired as a Managing Director in Institutional Leveraged Finance after 8 years at Jefferies in 2015. Throughout his 27year career, Mr. Cherry routinely ranked as a top 3 producer in Leveraged Finance at Jefferies, JPMorgan, BearStearns, Credit Suisse & /Merrill Lynch.
He actively analyzed, advised and transacted in debt and equity investments for many of the world’s largest
institutions (totaling over $150 billion in HY/Distressed AUM) and was responsible for primary/secondary market transactions totaling over $10 billion annually.
Mr. Cherry was a special situations desk analyst and published high yield bond analyst and instrumental in creating new credit products including:
Index-Specific CDS (Dow Jones CDX)
Collateralized Obligations (CBOs/CDOs/CLOs)
Total Return Swaps
He has been published in several pension and investment periodicals.
Mr. Cherry graduated from the A.B. Freeman School of Business at
Tulane University in 1988 and is a Chartered Financial Analyst.