CVC Credit Partners (CVC Credit) has appointed John Empson as Partner and Co-Head of Private Credit, and Miguel Toney as a Partner in the Private Credit team.Empson has nearly 40 years of experience and is joining from Blackrock where he was Head of Capital Markets, EMEA. Prior to Blackrock, Empson was a Partner at KKR where he spent 11 years helping with the strategic build out of KKR’s Credit and Markets platform. Empson was also a member of the KKR EMEA private equity Investment Committee and the KKR EMEA Portfolio Management Committee.
Toney 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, says: “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.”
Davies, Partner and Co-Head, Private Credit, adds: “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.”
