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Payden & Rygel
PAYDEN & RYGEL is an SEC-registered investment adviser in LOS ANGELES, CA, since 1983. The firm manages $158.2 billion in assets. It has 194 employees and 122...
Payden & Rygel
PAYDEN & RYGEL is an SEC-registered investment adviser in LOS ANGELES, CA, since 1983. The firm manages $158.2 billion in assets. It has 194 employees and 122 investment advisers.
General information
Firm type
Asset Manager
Year founded
1983
AUM
$149 billion (per public record, 2024)
Location
Region
North America
Country
United States
City
Los Angeles
Corporate office
Los Angeles, CA, United States
Additional offices
London · Dublin
Principals
Joan Payden
Founder & CEO
Gregory S. Welch
President
Sector focus
Frequently asked questions
Who runs investment decisions at Payden & Rygel?
Joan Payden, the founder and CEO, remains at the helm alongside President Gregory S. Welch. The firm's investment committee, composed of senior portfolio managers, directs fixed-income and multi-asset allocations (per public record).
Does Payden & Rygel invest in private markets?
Traditionally focused on public fixed-income, the firm launched a private credit platform in 2023 to offer direct lending and structured credit strategies. It does not invest in private equity or hedge funds (per public record).
What is the minimum investment for a client?
The firm does not publicly disclose a minimum; institutional and family office clients may negotiate separate account minimums. Payden & Rygel typically serves larger institutions as a core fixed-income manager (per public record).
How does Payden & Rygel source its deal flow?
The firm relies on a proprietary research team analyzing global credit markets, building positions through primary issuances and secondary markets. Its private credit platform sources deals via direct origination and partnerships with middle-market lenders (per public record).
Where does the underlying wealth come from?
Joan Payden built the firm independently; there is no single family wealth behind it. The firm manages capital for a diverse set of institutional and family office clients.
Is Payden & Rygel structured as a family office?
No, Payden & Rygel is an SEC-registered investment advisor operating as an asset manager for external institutional and family office clients (per public record).
What investment stages does Payden & Rygel target?
The firm focuses on liquid fixed-income (investment-grade, high-yield, emerging market, and government bonds), as well as private credit via its 2023 platform. It does not target venture or growth-stage equity (per public record).
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