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Halcyon brings on head of U.S. performing credit

Philip Raciti was named managing principal, head of U.S. performing credit and a portfolio manager at Halcyon Capital Management.

The position is new, said a Halcyon spokesman. Mr. Raciti will oversee management of Halcyon's U.S. senior loan portfolios.

He will report to Jason Dillow, chief investment officer, vice chairman and head of credit; and Brian Yorke, portfolio manager and head trader.

Mr. Raciti was a senior managing director and portfolio manager at CVC Credit Partners. Officials at CVC Credit did not reply to a request for details on his replacement.

Halcyon has $10 billion in assets under management.