Paul Cal

Paul Cal

Senior Research Analyst

Steele Creek Investment Management

Paul Cal joined Steele Creek Investment in January 2014 with more than 18 years of experience in credit and capital markets. Prior to joining Steele Creek, he worked at PricewaterhouseCoopers advising commercial financial institutions and government clients. His work included managing distressed loan portfolios of banks in receivership for a federal client, reviewing foreclosures of a top five US bank for regulatory compliance, and advising banks on various regulatory compliance issues. From 2007 to 2010, Paul covered the healthcare and aerospace and defense sectors for Columbus Nova Credit Investments, a buy-side CLO firm with $1.8B of assets across four CLOs. From 2005 to 2007, he was an analyst at Babson Capital covering the aerospace and defense, airlines, textiles, and metals and mining sectors. Prior to his work in leveraged finance, Paul served in the US Army as an infantry officer for over twenty years, achieving the rank of lieutenant colonel. Paul holds an MBA from Webster University, an MA from the University of Chicago, a Master of Investment Management and Financial Analysis from Creighton University, and a BS from the United States Military Academy. Paul also holds the Chartered Financial Analyst designation and previously held the Certified Defense Financial Manager (November 2010-November 2022) and the Project Management Professional Certifications (May 2011-May 2023).