Simpson Thacher & Bartlett has added Paul, Weiss, Rifkind, Wharton & Garrison partner Tracey Zaccone and Latham & Watkins partner David Teh as the new co-chairs of its alternative capital and private credit practice in New York, the firm said Thursday.

Zaccone was head of the hybrid capital practice and co-head of the special situations practice at Paul Weiss before making the move. Meanwhile, Teh had been at Latham for almost two decades.