Beach Point Strengthens Senior Leadership Team with Appointment of Josh Baumgarten and Eric Storch
Baumgarten joins the firm as President and Chief Investment Officer
Storch joins as Global Head of Client Partnerships and Business Development
SANTA MONICA, Calif., Sept. 3, 2025 /PRNewswire/ — Beach Point Capital Management LP, a leading alternative asset management firm, today announced the strategic hires of Josh Baumgarten as President and Chief Investment Officer and Eric Storch as Global Head of Client Partnerships and Business Development, effective immediately.
In the newly created role of President and Chief Investment Officer, Baumgarten will join Beach Point’s Executive Committee and work alongside the senior leadership team to drive corporate and investment strategy across the firm’s core investment verticals – private credit, liquid credit & CLOs, multi-asset credit, and structured credit & asset-backed finance.
Baumgarten brings to Beach Point over 25 years of experience building and leading investment businesses across both private and public markets. Most recently, Baumgarten served as Co-Managing Partner and Head of Credit at TPG Angelo Gordon. Prior to TPG’s acquisition of Angelo Gordon, he served as Co-CEO and Co-CIO of the firm and led its global credit business. Baumgarten previously served as a Senior Managing Director at Blackstone, where he managed the credit business at Blackstone Alternative Asset Management and helped launch the global co-investment platform.
Storch joins Beach Point as the Global Head of Client Partnerships and Business Development where he will lead the firm’s investor relations, capital formation, and product development efforts. He comes to the firm from Oak Hill Advisors where he served as Managing Director and helped lead the firm’s business development, client coverage, and marketing activities. Storch was previously Managing Director and Co-Head of Institutional Marketing at Blackstone / GSO’s Customized Credit Strategies Group. Beach Point Co-Founder and Co-CEO Scott Klein said:
"Josh and Eric have exceptional records of creating long-term value for clients and contributing to the growth and success of leading credit-focused firms. We are incredibly excited to welcome them to Beach Point, where their valuable senior-level experience and perspectives will add to our already robust platform."
Beach Point Co-Founder and Co-CEO Carl Goldsmith said:
"Our philosophy at Beach Point is to use our expertise and relationships flexibly and opportunistically in pursuit of attractive and sustainable returns for our investors, and Josh and Eric exemplify that client-first mindset. Their addition will further enhance our ability to execute on this philosophy, and we are excited about the benefits this will bring to our clients, colleagues and stakeholders."
Klein and Goldsmith will continue as Co-Chairmen and Co-CEOs and remain actively involved, overseeing the senior leadership team and focusing on the firm’s strategic direction and client partnerships. The senior professionals leading Beach Point’s investment verticals will also remain in their current roles, ensuring continuity across the platform. Importantly, there will be no change to the firm’s investment philosophy or approach. Beach Point President and Chief Investment Officer Josh Baumgarten said:
"Scott, Carl and the Beach Point leadership team have built an incredible platform underpinned by a proven, value-driven investment philosophy in pursuit of the most attractive risk-adjusted opportunities for clients. The firm's partnership-oriented approach, broad mix of market-leading investment vehicles, and collaborative culture were key reasons I was drawn to this world-class group of professionals. I look forward to partnering with my new colleagues to build on the firm's momentum as it enters the next stage of its evolution."
Beach Point Global Head of Client Partnerships and Business Development Eric Storch added:
“The firm's commitment to being a trusted partner to clients and prioritizing results over scale is a compelling differentiator in today's market. I look forward to working closely with my new colleagues to deliver forward-thinking, industry leading investment solutions tailored to the needs of clients worldwide."
Baumgarten and Storch are based in Beach Point’s New York office.
About Beach Point
Beach Point is a leading multi-strategy investment firm specializing in credit with over $20 billion in assets under management. The firm actively invests in both public and private markets, with strategies spanning liquid credit & CLOs, structured credit & asset-backed finance, multi-asset credit, direct lending, real estate, and hybrid investments. Headquartered in Santa Monica, California, Beach Point also maintains offices in New York, London, and Dublin. For more information, follow Beach Point on social media and visit https://beachpoint.capital