THL Credit and Churchill hire advisor from Antares

Kevin Burke will serve a dual role at the investment manager and Nuveen-owned company.

THL Credit Advisors and Churchill Asset Management have hired Kevin Burke, a former senior managing director at Anatares Capital, to be a senior advisor, both companies said on Monday.

Burke will split his advisory role between the two companies, one an alternative asset manger and the other a subsidiary of Nuveen, formerly TIAA Global Asset Management, a source familiar with the matter confirmed.

Chris Flynn, co-chief executive officer at THL Credit, said in a statement that Burke will be a resource for his company’s direct lending and tradable credit strategies, citing Burke’s years of experience with syndicated loans and the mid-market.

He will also assist Churchill develop its private credit funds, according to a separate statement. The firm declined to elaborate on Burke’s new role.

Most recently, Burke served as a senior managing director overseeing loan syndication, sales and trading at Antares. Prior to that, he spent 12 years at GE Capital as a senior managing director.

He also spent 25 years at Bankers Trust Company working in credit, corporate finance, sales and trading positions, and he was also a founding member and sales head of that company’s loan syndications group. He graduated from Harvard University.

Burke’s hire follows several people moves at THL Credit this year, including the tapping of current team members to fill senior positions and new hires this February, as Private Debt Investor reported.

Jim Fellows became the new chief investment officer, while Monty Cook and Howard Wu were named new co-heads of direct lending. THL Credit also hired Michelle Handy, formerly of GE Capital, as managing director and Will Karim, from Keurig Green Mountain company, as senior counsel and director, both in Boston.

Churchill is a subsidiary of the global asset manager formerly known as TIAA, which adopted Nuveen as its new company name this January. The firm has collectively invested more than $5 billion in over 400 mid-market companies, a statement said. Today it has approximately $2.7 billion of committed capital under management.

THL Credit Advisors was formed as an affiliate of private equity firm Thomas H. Lee Partners. In April 2010 the firm took its business development company structure platform THL Credit Inc. public, according to its website. The firm manages from $8.2 billion of assets.