Chicago-based Cresset, an independent multi-family office and private investment firm, has made a senior hire.

Cresset has hired Bradley Schneider as managing director, head of private credit, to lead the team within the firm’s broader private funds group.

Schneider, who most recently was head of private credit with Midwest Holding, brings more than 20 years of experience focused on private and alternative credit investing, the firm said in a statement. In this newly-created role, he will be responsible for the strategic leadership and expansion of Cresset’s holistic private credit program, including its flagship private credit vehicle.

Previously, Schneider was a partner at Sound Point Capital, where he served in various leadership and investment functions across numerous credit funds. Before Sound Point, he was a senior credit analyst at Apollo Management, focusing on private credit and distressed investments, the firm continued.

Schneider started his career in investment banking at Lehman Brothers after earning a BBA from the University of Michigan Stephen M Ross School of Business.

“Bradley brings exactly the depth of experience in private credit that is needed in this dynamic market and economic environment. More importantly, he shares our values and laser focus on bringing innovative and high-quality solutions to our investors,” Kevin O’Donnell, executive managing director and head of Cresset’s private funds group, said.

Cresset, which has $40 billion in assets under management, serves the needs of entrepreneurs, CEO founders, wealth creators, executives, and partners, as well as high net worth and multi-generational families.