Oak Hill Advisors has added a partner for its European credit business.
The New York and London-based firm said Doug Henderson has joined the firm as a partner based in London. Henderson will head the firm’s European performing credit business and work to improve its distressed business. Henderson replaces Richard Munn, who resigned his full-time position and now serves as a senior advisor for Oak Hill.
Henderson was most recently chairman of Goldman Sachs’ European credit finance group in its investment banking division. Prior to joining Goldman Sachs in 1999, he cofounded Merrill Lynch Asset Management’s first fund for noninvestment-grade loans.
Oak Hill Advisors has more than $13 billion in capital under management and focuses in investing in leveraged loans, high yield bonds, structured products, distressed securities and turnaround investments in the North American and European markets. The firm recently promoted William Bohnsack Jr. to the position of president after serving as COO since 2001