Anthony Fobel, a director of CVC Capital Partners, has left the buy-out firm to become a partner at Och-Ziff, a hedge fund. The move comes amid a spate of interest among hedge funds in private equity activity.

Och-Ziff is a multi-strategy hedge fund with more than $11bn (€8.5bn) in assets under management. It has the ability to invest up to 20% of its assets in more illiquid private transactions, including private equity buy-outs.