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THL Credit Group launches USD500m credit fund

THL Credit Group, the credit affiliate of Boston-based private equity firm Thomas H.

THL Credit Group, the credit affiliate of Boston-based private equity firm Thomas H. Lee Partners, has received about USD500m in equity and financing commitments for THL Credit Partners, a new credit fund that invests in a wide variety of securities through leveraged finance, structured credit and minority equity transactions.

James K. Hunt, chief executive and chief investment officer of THL Credit Group, has more than 30 years of investment experience across a wide range of debt products. He has built a team of investment professionals including AIG veteran Sam Tillinghast, now president and chief operating officer of THL Credit Group, Gregg Hammer and Christopher Ochs, who together co-headed leveraged capital at AIG, and Hunter Stropp from GE Asset Management.

Primarily through THL Credit Partners, THL Credit Group supplies capital to public and private companies for growth, recapitalisations, leveraged buyouts and acquisitions. The THL Credit Group team is headquartered in Boston, alongside Thomas H. Lee Partners, and has offices in Houston and Los Angeles.

Founded in 1974, Thomas H. Lee Partners has raised about USD 20bn in equity capital and investing in more than 100 businesses with an aggregate purchase price of more than USD125bn. Notable transactions sponsored by the firm include Houghton Mifflin, National Waterworks, Univision, The Nielsen Company, West Corporation, Fidelity National Information Services, Dunkin Brands, Fisher Scientific, Experian and ProSiebenSat1 Media.

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