CVC Capital Partners has named Kenneth Young as the new head of its financing team and promoted him to the rank of senior managing director, while boosting the team with the hire of a former Goldman Sachs vice president.

Young, who joined CVC in 2008 from JP Morgan's European leveraged finance team, has worked in the leveraged finance market for more than 14 years, according to the firm's website. The promotions took place in December, said a spokesman.