THL Credit Group secures $500 million in commitments for new credit fund

By Devika Patel

Knoxville, Tenn., Sept. 18 - THL Credit Group, L.P. said it has received approximately $500 million in equity and financing commitments for THL Credit Partners, LP, a new credit fund.

The fund, which will be led by THL Credit Group's chief executive officer and chief investment officer James K. Hunt, will invest in a wide variety of securities through leveraged finance, structured credit and minority equity transactions.

THL Credit Group has recruited several investment professionals including Sam Tillinghast, formerly of AIG and now president and chief operating officer of THL Credit Group, Gregg Hammer and Christopher Ochs, who jointly co-headed AIG's leveraged capital, and Hunter Stropp from GE Asset Management.

THL Credit Group is the credit affiliate of Thomas H. Lee Partners, LP, a Boston-based leveraged buyout firm.

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