Credit hedge fund firm Oak Hill Advisors announced Monday that Steve Jones and Eric Karp have joined the firm as senior advisors.
Based in Oak Hill’s New York office, Jones and Karp—who have a combined total of more than 60 years of industry experience--will be responsible for guiding the firm’s activities in private lending.
With more than 30 years of leveraged finance experience under his belt, Jones was most recently a partner at Plainfield Asset Management, where he served as president of the firm’s specialty finance unit. Karp, who also has 30 years of banking and leverage finance experience, previously served as a senior advisor to Bain Capital credit affiliate Sankaty Advisors.
Oak Hill, specializing in below investment grade corporate credit and distressed investments, manages more than $21 billion of capital. It has offices in New York, London, Los Angles, Fort Worth and Sydney.