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Oak Hill hires Lehman veterans in credit push


In its bid to get out front of an anticipated revival of the credit markets, Oak Hill Advisors has hired a trio of Lehman Brothers credit veterans and raised $1.5 billion to invest primarily in the distressed loan and bond markets.

Oak Hill, based in New York and London, announced that Goran V. Puljic, T.K. Narayan and Scott W. Snell joined the firm from Lehman, where they managed $2 billion in structured credit assets. Puljic will become co-leader of a team that had been headed by Jason Sarano, who moved to the Oak Hill structured products group earlier