Kayne Anderson Capital Advisors has hired two high-yield portfolio managers to work in its mid-market credit platform.
Heather Creeden, senior portfolio manager in high-yield and bank loans at Los Angeles-based credit firm Bradford & Marzec, and Steve Ahearn, a portfolio manager in the same group, are both headed to the Los Angeles office of Kayne Anderson, PDI understands.
Jim Hunt, formerly the founder of THL Credit, joined Kayne Anderson in January to lead the mid-market credit business and has told PDI he was looking to grow the platform and add tradable credit capabilities and people. He declined to comment on the new hires.
Creeden joined Bradford & Marzec in 2014. Previously, she worked as a high-yield portfolio manager for several asset management firms and banks. She has also served as a credit analyst in the past.
Ahearn was a portfolio manager at Bradford & Marzec for the past year. Prior to that, he worked in several senior roles at Churchill Pacific Asset Management between 2000 and 2011, according to his LinkedIn profile.
Bradford & Marzec was founded in 1984 by Ted Bradford and Zee Marzec. The firm has about $4.4 billion in a variety of fixed-income strategies. Bradford previously worked at the California Public Employees Retirement System (CalPERS) as a bond investment officer for 12 years, while Zee managed fixed-income investments for the Transamerica Corporation.
Kayne Anderson’s credit business has about $1.7 billion in assets under management in mid-market private loans. Hunt has said he wants to expand its tradable credit capabilities, is eyeing Europe and considering BDCs and CLOs. The firm’s credit investment teams are located in Los Angeles, New York, Chicago and Houston.
Overall, Kayne Anderson oversees $19 billion in a variety of liquid and illiquid energy strategies, real estate, growth private equity and credit.