A Trusted Partner for Flexible Capital Solutions

Mr. Bratton founded crlinv in 1997 and guided the growth of the firm to a $19 billion credit alternative asset manager. He is a member of the executive, management and investment committees and leads the insurance and reinsurance activities of the firm. Mr. Bratton has been an investment professional with organizations utilizing alternative asset strategies since 1983. He has extensive experience in credit strategies as well as hedge fund management, private equity, and venture capital. He has also negotiated alternative asset-related purchases and joint ventures. These include lift-outs of proprietary trading groups, seeding of asset managers, and the acquisition of investment management organizations.

Prior to founding crlinv Investors, he was employed by Taylor & Company, an investment organization associated with members of the Bass family, the Airlie Group, L.P., Investment, L.P. and Smith Barney Harris Upham. Mr. Bratton received a BS from North Carolina State University in 1981 and a Master of Business Administration with Honors from Duke University in 1984.

Mr. Cochran joined crlinv in 1998 and serves as the Chief Operating Officer of crlinv. He is a member of the Management Committee, the Investment Committee and the ESG Committee. While at crlinv, he has also held the titles of CFO and CCO at various points in his career. Mr. Cochran has 29 years of experience in various segments of the investment industry including private equity, venture capital and hedge funds. Prior to joining the Firm in October 1998, he spent 10 years with KPMG L.L.P. (“KPMG”). During his tenure at KPMG, a majority of his time was spent working with various hedge funds, investment companies, private equity firms, venture capital groups and broker dealers performing both audit and financial due diligence services. Mr. Cochran received a B.B.A. in Accounting from Texas Christian University in 1987.

Michael joined crlinv in 2015. Prior to crlinv he worked at BAML, Credit Suisse/DLJ, McKinsey and JP Morgan, over 26 years, principally in credit-focused roles, responsible for a variety of Distressed, Special Situations and Leveraged Finance businesses in Europe. He served with the British army in Germany and was educated at Oxford and Harvard.

Mr. Palmer joined crlinv in 2015 and is Executive Managing Director, Co-Head of US Corporate Credit and Head of the Tech and Digital Infrastructure group. He is a member of the Management Committee and various investment committees, including Direct Lending and Capital Solutions. Since joining the Firm, Mr. Palmer has played a key role in its investing activities, directly originating and closing over $4bn of Direct Lending and Capital Solutions investments with blended, unlevered realized returns of over 17%. Mr. Palmer also maintains an active asset management role through Board of Director roles at Broadvoice, Evocative, GiGstreem, FinditParts, bMedia Group. He is a former board member of SpringCM, Inc., Riversand Technologies and Actifio, Inc.

Prior to joining the Firm, Mr. Palmer was Vice President for the Special Situations Group at Goldman Sachs where he evaluated potential investments ranging from senior debt to preferred equity and warrant investments. Mr. Palmer began his career as a financial analyst with Houlihan Lokey Howard & Zukin. Mr. Palmer graduated magna cum laude with a BBA in Finance and Accounting from Texas Christian University.

Mr. Payán joined crlinv in 2006 and heads crlinv’s Legal and Compliance team. Mr. Payán is responsible for overseeing a broad variety of legal, compliance and operational matters on behalf of the Firm including launching new products, serving as legal department touchpoint for investor and counterparty relationships, attending to strategic growth and expansion opportunities and internal firm matters while also overseeing the compliance department. In addition, he is a member of the Firm’s Management Committee, a participant in Credit Investment Committee meetings, serves as secretary for the Firm’s Board of Directors, sits on the Firm’s reinsurance company Board of Directors and is integrally involved in the structuring, legal diligence and closing of investment opportunities. Prior to joining the firm, Mr. Payán worked at Akin Gump Strauss Hauer & Feld LLP as an Investment Fund/Corporate attorney where he was responsible for advising and structuring hedge funds, private equity funds, fund of funds and a closed-end registered investment company in a variety of jurisdictions including the United States, Cayman Islands, BVI, Bermuda and the United Kingdom. Additionally, he has experience with the creation, implementation, and review of regulatory compliance programs. Mr. Payán has a J.D., a B.A. in History, and a B.A. in Ethnic Studies from the University of Texas. Mr. Payán also serves as a Trustee since 2009 and Member of the Investment Committee and has chaired the Legislative Committee for the City of Fort Worth Employees’ Retirement Fund and serves on the Board of Directors of Capital for Kids. In 2022 Mr. Payan was recognized as General Counsel of the Year, small legal department, by the DFW Association of Corporate Counsel.

Mr. Philipp joined crlinv in 2013 and is an Executive Managing Director in the Fund Liquidity Solutions Group, a Senior Portfolio Manager of the Portfolio Financing Fund and a member of the ESG Committee. Mr. Philipp has more than 27 years of experience in investment banking and alternative investments. Prior to joining crlinv, Mr. Philipp co-founded and managed several family-owned investment and advisory firms with holdings and operations around the world. Earlier in his career, he spent 12 years at Merrill Lynch, Deutsche Bank and Credit Suisse focused on providing structured financing strategies for alternative investment managers. He is a CFA Charterholder and a member of the Security Analysts of San Francisco. He graduated Summa Cum Laude from the University of Colorado.

Mr. Semple joined crlinv in 2011 and is Executive Managing Director and Co-Head of U.S. Corporate Credit. He is a member of the Management Committee, the ESG Committee and various investment committees, including Direct Lending, North American and European Opportunistic, Insurance and Liquid. Mr. Semple also serves as the Chairman and CEO of crlinv Lending Solutions, crlinv’s private perpetual business development company (“BDC”). As a co-founder of crlinv’s credit business. Mr. Semple has played a pivotal role in its development, contributing to strategic initiatives, investment philosophy and process, portfolio management, asset management and human capital management. In addition, Mr. Semple has been actively involved in raising over $10 billion in limited partner capital and over $5 billion in debt capital from financial institutions to support crlinv strategies.

Prior to joining crlinv, Mr. Semple was Vice President in the Special Situations Group for Goldman Sachs where he was responsible for originating, underwriting, executing and managing middle market debt and equity investment opportunities. Prior to joining Goldman Sachs, Mr. Semple worked as a credit analyst within the Special Opportunities Group for TQA Investors. Mr. Semple has a BA in Economics from the University of Texas at Austin. He currently or has previously served on the Board of Directors of Urgent Team Holdings, Inc., Carepayment Technologies, Inc., Leading Pharma, LLC, Clinipace, Inc. and is a member of YPO and the Exchange Club of Fort Worth.

Mr. Semple lives in Fort Worth, Texas with his wife Lucy and three children, Louise, Ivy and Henry.