Alternative investment firm Strategic Value Partners hired Timo Koch and Ahmed Khan as managing directors. Based in London, they will jointly lead the firm’s structured capital team in Europe, reporting to Brian Himot, who joined Strategic Value Partners in 2022 as head of structured capital.

Koch was formerly a managing director at Avenue Capital, where he spent 15 years focused on special situations credit investments. Koch began his career as a strategy consultant at Booz Allen Hamilton.

Khan was previously a director at KKR Special Situations, where he focused on private equity, opportunistic credit and hybrid capital investments. Before KKR, Khan worked at Bain Capital Special Situations and at Blackstone.

“We are delighted to welcome Timo and Ahmed to SVP, both of whom bring a wealth of knowledge and experience to the firm and will greatly contribute to the expansion of the breadth and depth of our capabilities in structured capital,” Himot said. “With a long history in opportunistic credit and private equity, SVP is well-positioned to partner with businesses that are looking for flexibility beyond traditional sources of capital.”

Following these hires, Strategic Value Partners is still actively recruiting and expects to further grow its seven-person structured capital team in the U.S. and Europe over the next six months.