Alvarez & Marsal (A&M) expanded its Asset-Backed Finance (ABF) offering within its Global Valuation Services practice with the hiring of Managing Director Lewis Tse.

As private credit markets evolve, ABF is emerging as a major growth area—driving demand for advanced, technology-enabled valuation and advisory services. Investors and clients in structured credit and private capital are seeking partners with the depth, breadth, and expertise to deliver rigorous, data-driven insights.

“This market shift underscores the growing need for innovative technology solutions that enhance transparency, efficiency, and accuracy across the ABF landscape,” said Matthew Goldberg, Managing Director and leader of the firm’s U.S. Alternative Investment Services (AIS) practice. “Lewis’s deep expertise in asset-backed finance comes at a pivotal time as private credit structures become more creative while strategies expand aggressively.”

Tse will lead the ABF Group in the U.S. With more than fifteen years of financial advisory and valuation experience, he will advise global asset managers, credit funds, insurance companies, banks and hedge funds on valuation and advisory services across structured credit and fund finance products.

“A&M’s global reputation for innovation, entrepreneurship, and its integrated, end-to-end offering made joining the firm a natural fit,” said Tse. “Asset managers today need advisors who can deliver technology-enabled, rigorous valuation and advisory solutions. I’m excited to help clients navigate these complex valuation challenges.”

Tse will work closely with other leaders across the Global Valuations Services platform, which has rapidly expanded throughout Europe, Asia, Latin America, and the Middle East.

Before joining A&M, Tse was a Director at Lincoln International, where he co-led the Asset-Backed Finance Group. Earlier in his career, he held senior roles at Houlihan Lokey and Red Pine Advisors, focusing on structured products.