CVC Credit Partners ("CVC Credit") is pleased to announce that John Empson is joining as Partner and Co-Head of Private Credit, and Miguel Toney is joining as a Partner in the Private Credit team.
John has nearly 40 years of experience and is joining from Blackrock where he was Head of Capital Markets, EMEA. Prior to Blackrock, John was a Partner at KKR where he spent 11 years helping with the strategic build out of KKR's Credit and Markets platform. John was also a member of the KKR EMEA private equity Investment Committee and the KKR EMEA Portfolio Management Committee.
Miguel is joining from Park Square Capital where he has been a Partner focussed on their European junior capital strategy. Prior to this, he was a Managing Director at MV Credit where he helped build out their European junior capital and senior debt capabilities. Across both roles, he has a combined 16 years of experience in private credit.
Alongside Andrew Davies, Partner and Co-Head of Private Credit, Neale Broadhead, Caroline Benton and Chris Fowler, CVC Credit has established a strong senior team focussed on the private credit opportunity and will continue to selectively grow and strengthen the group.
Ken Young, Managing Partner, CVC said: "I am delighted that John and Miguel are joining CVC Credit. They are both incredibly high quality professionals, with very deep experience and a desire to build a world class private credit platform. We expect very significant growth across CVC Credit over the next three to five years. Strategically, this is a huge area of focus for the CVC Group."
Andrew Davies, Partner and Co-Head, Private Credit added: "I'm very excited John and Miguel are joining. We are hugely committed to increasing our presence as a provider of private credit financing solutions, as recently demonstrated on Curium where we underwrote €315 million of PIK. With these senior additions working alongside the existing team, we are incredibly well positioned to grow this platform."
Established in 2005, CVC Credit Partners is the dedicated credit arm of CVC with $27 billion of assets under management as at 30 September 2020. The business invests in companies across the sub-investment grade corporate credit markets in Europe and North America, with a strong focus on downside protection through active risk management. It provides investors with a broad range of opportunities to meet their investment criteria through dedicated vehicles and investment solutions for both performing and non-performing credit assets. These investment vehicles benefit from the broad experience of the local investment teams, as well as the unique access to the accumulated knowledge within the broader CVC platform.