Onex Adds Highland’s Yang To Credit Arm

Jul 22 2010 | 12:11pm ET

Canadian private equity firm Onex Corp. has hired a Highland Capital Management executive to manage and expand its credit business.

Jack Yang was named managing partner of Toronto-based Onex Credit Partners. In his new role, he’s charged with launching new funds and building up the fixed-income business.

Yang joins Onex from Dallas-based Highland, where he served as managing partner and head of business development for six years before his departure last year. Prior to joining Highland, Yang was global head of leverage finance products in Merrill Lynch’s global debt markets group.

"I am delighted to have the opportunity to work with the Onex and OCP teams to further build on the firm's US$900 million of assets under management," Yang said. "Onex is widely regarded as a best-in-class, value-oriented private equity firm.”

“Onex Credit Partners combines the expertise and resources of a premier, investment management firm with the focus and energy of a specialist manager."

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