|By PR Newswire||
|January 17, 2014 08:30 AM EST||
NEW YORK, Jan. 17, 2014 /PRNewswire/ -- Oak Hill Advisors, L.P. ("OHA") today announced the opening of a new office in Los Angeles, California, that focuses on residential mortgage investment strategies. The office is led by Kent Usell, who recently joined OHA as Managing Director and has responsibility for investment and trading activities in performing assets within the residential loan sector. Mr. Usell reports to Jason Serrano, Partner who oversees mortgage investments at OHA.
Mr. Serrano said, "We are excited to have Kent on board to help us capture the considerable private capital opportunity in the U.S. residential finance market, particularly in the non-agency sector. The opening of this office and Kent's addition to the firm represents OHA's expansion into the investment of newly originated mortgage loans in a market undergoing transformational change."
Mr. Usell said, "I am delighted to be a part of the OHA team. The firm's commitment to the fundamental understanding of mortgage credit and underlying collateral performance is entirely consistent with the approach I have applied throughout my career. I look forward to working on behalf of OHA's investors to build on the firm's history of success in the credit markets."
Mr. Usell has extensive experience trading and investing in residential mortgage loans, mortgage servicing rights and securitizations. Before joining OHA, he served as Senior Managing Director of W.J. Bradley Mortgage Capital and has focused on residential loan markets for the past 17 years. He earned a B.A., with honors, in Business Economics from the University of California Santa Barbara.
About Oak Hill Advisors
OHA is a leading independent investment firm specializing in distressed and performing investments across the North American and European leveraged and structured credit markets. With more than $21 billion of capital, OHA manages distressed funds, credit hedge funds, customized mandates and other specialty credit funds. OHA employs a fundamental, value-oriented strategy focused on credit analysis, relative value and active risk management that has been in place for more than two decades. The firm invests on behalf of a diverse, global investor group. For further information about OHA, please visit www.oakhilladvisors.com.
Kekst and Company
SOURCE Oak Hill Advisors, L.P.