CVC adds senior roles to credit team in reshuffle

The hires follow a reorganisation of the business to focus on private credit origination.

CVC Credit Partners has made two senior hires as part of a refocusing of its private credit activities on primary investments in Europe.

John Empson joins as a partner and co-head of private credit while Miguel Tony becomes a partner in the private credit team.

Empson has 40 years of experience and joins from Blackrock, where he was head of capital markets. He also has experience at KKR, where he built out the firm’s credit market platform and was a member of the EMEA private equity investment and EMEA portfolio management committees.

Toney joins from Park Square Capital where he was a partner focused on European junior capital. Before Park Square he was a managing director at MV Credit where he helped build the firm’s junior and senior debt capabilities.

CVC has also combined its global special situations business into the private debt franchise as part of a refocus on primary credit investments in Europe.

Ken Young, managing partner at CVC, said: “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.”

The firm said is not making any changes to the way it’s performing credit business operates.