Jim Feeley was named co-head of Investcorp's U.S. credit management unit, a company spokeswoman confirmed in an email.
He replaces John Fraser, current head of the unit, who will retire from the position effective March 31, but remain an adviser to the unit until March 31, 2020.
Mr. Feeley will co-head the firm's $11 billion U.S. credit management business. He will be based in New York and report to Jeremy Ghose, who will assume the duties of interim co-head of Investcorp's U.S. credit management as part of the transition, in addition to his role as head of Investcorp Credit Management.
Mr. Feeley was a senior managing director and head of credit and structured credit at Medley Management. A Medley Management spokesman could not be immediately reached for additional information.
Invescorp had $22.5 billion in assets under management as of Dec. 31.