NEW YORK, Sept. 7, 2012 /PRNewswire/ -- CVC Credit Partners ("CVC Credit") today announced that Tom Newberry has joined the firm as a Senior Managing Director and Head of the Group's Private Funds business. He will be based in New York and will be a member of CVC Credit's Operating Board.

Tom was formerly a Managing Director at Credit Suisse, where he was Head of Global Leveraged Finance Capital Markets and Syndicated Loans, responsible for the underwriting of all high yield bond, mezzanine and syndicated loan transactions as well as the sale and trading of both par and distressed loan assets. Tom joined Credit Suisse in November 2000 when CSFB merged with Donaldson, Lufkin & Jenrette where he was a Managing Director and Head of US Loan Capital Markets. Tom joined DLJ in 1996 from Deutsche Bank where he was a Managing Director and Head of North American Loan Syndications, responsible for all aspects of syndicated loan underwriting and distribution.

Tom served on the Board of Directors of the Loan Syndication & Trading Association for six years, acting as both Chairman and Vice Chairman.

Commenting on this appointment, Marc Boughton, CEO of CVC Credit, said: "Tom brings 25 years of global credit expertise across both the private and public credit markets. Tom will be integral to expanding our corporate, sponsor and investor partnerships and delivering tailored credit investment solutions alongside our investment teams."

Steve Hickey, Chief Risk Officer of CVC Credit, said: "I am delighted that Tom has joined the Group. Over a long career, Tom has been one of the individuals at the forefront of the growth and development of the credit markets, supporting both private equity and corporate clients."

Media enquiries
Europe: James Olley, Brunswick Group LLP: +44 (0) 20 7404 5959
US: Mary Zimmerman, Brunswick Group LLC: +1 212 333 3810

NOTES TO EDITORS

About CVC Credit Partners
CVC Credit Partners is a CVC Capital Partners group company and is an independent asset management and investment group focused on sub-investment grade debt capital markets in the US and Europe. CVC Credit Partners is owned by CVC Capital Partners and Resource America, Inc. (NASDAQ: REXI).

CVC Credit manages $7.9 billion in assets across 23 vehicles with top quartile performance across credit cycles and was selected as "Best Global CLO Manager" at the 2012 Creditflux CLO Manager Awards. CVC Credit provides tailored solutions for investors seeking to invest in sub-investment grade corporate credit instruments.

About CVC Capital Partners
CVC Capital Partners ("CVC") is one of the world's leading Private Equity and investment advisory firms. Founded in 1981, CVC today has a network of 20 offices and around 250 employees throughout Europe, Asia and the US. Currently, CVC manages funds on behalf of over 300 investors from North America, Europe, Asia and the Middle East, who entrust their capital to CVC for periods of 10 years or more. Raised from pension funds, financial institutions and various other partners, CVC Funds seek to identify attractive investments and develop sustainable, long-term value in close partnership with management teams. To date, CVC has raised over US$44 billion from a diverse and loyal investor base, completing over 290 investments in a wide range of industries and countries across the globe, with an aggregate transaction value of US$167 billion.

SOURCE CVC Credit Partners

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Tom Newberry Joins CVC Credit Partners

Tom Newberry Joins CVC Credit Partners