Oak Hill hires Cherry as partner

Former JH Whitney executive Brian Cherry will focus on the industrials sector.

Oak Hill Capital Management has hired Brian Cherry as a partner to focus on the industrials sector, according to a statement.

Cherry was previously a managing director at Connecticut-based private equity firm JH Whitney & Company, which he joined in 2000. Prior to JH Whitney he worked in the merchant banking group at investment bank Donaldson Lufkin & Jenrette. Cherry’s hire brings Oak Hill’s total number of partners to 11. Oak Hill partners Denis Nayden and Douglas Kaden also focus on the industrials sector.

Cherry marks Oak Hill’s second industrial-focused hire this month. On 4 March, Michael Schrock joined the firm as a senior advisor and operating consultant. Schrock is the former president and chief operating officer of industrial company Pentair. He has also worked as a senior member of the management team at manufacturing conglomerate Honeywell, Private Equity International reported.

Oak Hill invests in mid-market companies in sectors including business and financial services, consumer, healthcare, media and telecom and technology. Portfolio companies in the industrials sector include engineered parts supplier Firth Rixson and aircraft lessor Avolon Aerospace, which Oak Hill owns with Cinven, CVC Capital Partners and the Government of Singapore Investment Corporation.

Oak Hill’s most recent fund, Oak Hill Capital Partners III, raised $3.8 billion on a $4 billion target in 2009. Fund III included a $350 million general partner commitment.

Oak Hill was founded in 1986 by managing partner J. Taylor Crandall with primary investor Robert Bass. The firm is led by three other managing partners and operates from its New York, Menlo Park, California and Stamford, Connecticut offices.