Oak Hill Capital IR head goes to Ares

Jeff Mills spent more than five years running the investor relations function at the mid-market buyout shop.

Jeff Mills, head of investor relations at mid-market investor Oak Hill Capital Partners, has left the firm to take on a role at Ares Management, sources confirmed Friday.

At Ares, Mills is said to be taking on the role of senior relationship manager responsible for North American distribution, according to a source with knowledge of the move. Ares did not return a call to officially confirm Mills' role.

Mills joined Oak Hill Capital Partners in 2007. Prior to Oak Hill, Mills worked at Probitas Partners where he was a relationship manager working in placement and liquidity management groups, according to Oak Hill Capital Partners’ web site.

Oak Hill Capital Partners vice presidents of investor relations Lorie Coulombe and Andrea Joseph will lead the IR function together, according to James David, a spokesperson for Oak Hill Capital Partners. Also, on Monday Oak Hill Capital announced the promotion of Tyler Wolfram from partner to managing partner. Wolfram joined the firm in 2001 and has led investment activities in the consumer, retail and distribution sectors. Prior to Oak Hill Capital, Wolfram worked as managing director at Cornerstone Equity Investors and as a vice president in the high yield group at the former Donaldson, Lufkin & Jenrette.

Oak Hill Capital Partners manages more than $8 billion of committed capital and is one of several separate and independently managed Oak Hill partnerships across asset classes. Its third North American buyout fund closed on $3.8 billion in 2008. Fund II closed on $2.5 billion in 2005.

The firm was formed in the 1980s as Robert Bass’ private equity investment vehicle. In 1999, Bass launched Oak Hill’s first institutional private equity fund, a $1.6 billion vehicle designed to be the successor for his private investment firm’s private equity business.

Ares, meanwhile, closed its fourth flagship fund on its $4.7 billion hard-cap last year, beating its $4 billion target. The firm agreed last week to acquire private equity real estate firm AREA Property Partners.