David Gaito

Head of Direct Lending at Fidelity Management & Research

Panellist

David Gaito is head of direct lending in the High Income and Alternatives division at Fidelity Investments. Fidelity Investments is a leading provider of investment management, retirement planning, portfolio guidance, brokerage, benefits outsourcing, and other financial products and services to institutions, financial intermediaries, and individuals.

In this role, Mr. Gaito leads Fidelity’s direct lending business, which focuses on making credit investments to middle market companies predominately owned by private equity firms. He is also co-portfolio manager of Fidelity Private Credit Company, Fidelity Private Credit Fund, and certain Limited Partnerships focused on private credit strategies.

Prior to joining Fidelity, Mr. Gaito held several senior roles during a distinguished career at PNC Corporate and Institutional Banking. Most recently, he was an executive vice president and division executive for PNC’s middle market senior secured lending platform, with responsibility for managing the daily operations of a division that included the Boston, Chicago, New York, and Toronto hubs. In this capacity, he was responsible for all aspects of the division’s credit management and new business origination. David has an extensive track record in leading divisions, acquiring talent, and mentoring employees. He brings over 25 years of expertise to the role and has been in the financial industry since 1999.

Mr. Gaito earned his Bachelor of Science in economics from St. Vincent’s College. He is also a CFA® charterholder