Encina Private Credit appointed Mike Hensinger CEO, effective immediately. Hensinger also joined the company’s board of directors.

Hensinger originally joined Encina Private Credit in June 2022 as president and chief commercial officer to lead originations, syndications and product development, ultimately helping to drive double digit growth in the business. Prior to Encina Private Credit, Hensinger was a senior executive at Synchrony Financial, where he led M&A and venture capital. Hensinger also spent 14 years at GE Capital in various leadership roles across leveraged finance, commercial finance and cross-border finance in the U.S. and Asia.

John Ryan, founding CEO of Encina Private Credit, will continue to play a role with the company as chairman of the board of directors.

“We are pleased to have Mike take on this expanded leadership role for the company as CEO where he will continue to focus on driving growth for the business by delivering our unique private credit solutions to our partners,” Ryan said.

“I am excited to continue the strong partnership with John in this expanded role to enhance our position in the private credit market,” Hensinger said. “We are building a premier non-bank specialty finance company focused on helping our direct lending partners deliver cost-effective unitranche solutions to their prospective borrowers.”