Oak Hill names senior advisor Zimmerman as second new partner in two months

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Oak Hill Capital Partners has named engineering veteran and senior advisor John Zimmerman as its newest partner.

Zimmerman will also serve as an investment committee member. Prior to Oak Hill he was CFO and a board director at Tomkins plc, a global engineering and manufacturing group and parent company of The Gates Corporation.

The move comes two months after Oak Hill brought in Credit Suisse veteran Nicole Arnaboldi as a partner.

Oak Hill managing partner Tyler Wolfram said, “Oak Hill’s theme-based investment strategy is designed to partner with companies that align with long-term secular trends where we and management share a common vision for the future value creation opportunity.

“John will lead the critical element of our strategy designed to capture the full potential of each of our portfolio companies.”

Fellow firm managing partner Brian Cherry added, “We have worked closely with John over the past five years, and we believe his 30-year career leading and operating multi-faceted business will enhance our ability to identify, underwrite and execute strategic and operational value creation plans at our portfolio companies.”

Oak Hill surged past its $3bn goal for its fifth flagship fundraise earlier this year to reach a $3.8bn final close.

The US firm’s latest raise is 40% bigger than the $2.65bn Fund IV it closed in 2017, which itself smashed its $2bn target and $2.5bn hard cap.

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