Tue, Jan 17, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Oak Hill Advisors closes $1.35bn European distressed credit fund

Wednesday, July 18, 2012
Opalesque Industry Update - Oak Hill Advisors, L.P. today announced the final closing of its OHA European Strategic Credit Fund, a credit fund focused on distressed debt and corporate restructurings in Europe. The Fund closed at its cap of $1.35 billion, significantly exceeding the firm’s initial target of $750 million.

OHA has been investing in both the distressed and performing European credit markets for more than twenty years. It established its London office in 2005. This Fund is its first dedicated European distressed investment vehicle.

Scott Krase, Senior Partner and Portfolio Manager, said, “This Fund highlights our confidence in the quality of the European distressed opportunity as well our growing commitment to the European credit markets. With more than two decades of history investing in these markets and a deep and experienced team, we believe that we are well positioned to seize on the opportunity.”

Alexandra Jung, Partner and Portfolio Manager, added, “Our ability to identify and source investments, actively work with lender groups and management teams to add value and provide capital in a challenging market make us very excited about the success of this fund. We are delighted that so many experienced investors are partnering with us in this effort.”

The Fund’s limited partners represent a diverse and global group of institutional investors, including sovereign wealth funds, corporate and public pension plans, endowments and foundations, insurance companies and family offices. They include both new and existing OHA relationships.

About Oak Hill Advisors
OHA is a leading independent investment firm specializing in distressed investments, leveraged loans, high yield bonds and structured products. The firm’s investment activities are focused on the North American and European markets. With more than $15 billion of capital, OHA manages distressed funds, credit hedge funds, customized accounts and other specialty credit funds. OHA employs a fundamental value-oriented strategy focused on credit analysis, relative value and active risk management that has been in place for more than two decades. The firm invests on behalf of a diverse, global investor group. For further information about OHA, please visit www.oakhilladvisors.com.

fg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Southpoint Capital gains 3.8% in Q3, bringing year-to-date returns to 5.2%[more]

    From Valuewalk.com: Southpoint Capital Advisors, the $3 billion New York hedge fund founded by former employees of David Einhorn’s Greenlight Capital, added 3.8% net during the third quarter of 2016, bringing year-to-date returns to 5.2% and cumulative returns since inception (July 2004) of 237.4% a

  2. The Big Picture: The case for emerging market debt in 2017[more]

    Benedicte Gravrand, Opalesque Geneva: Emerging market (EM) assets outperformed in 2016 mainly because of stronger fundamentals and an improving international environment, with GDP picking up speed, leading to positive earnings revisions for the first time in five years,

  3. Hedge funds gain across strategies in December, outperform MSCI to close at record index level in 2016[more]

    Komfie Manalo, Opalesque Asia: Hedge funds posted gains across all strategies in December to conclude 2016, with the HFRI Fund Weighted Composite Index (FWC) rising to a record index value level as oil prices surged, equities gained and U.S. interest rates increased into year end, accordin

  4. Performance - BlackRock's robot stock-pickers post record losses, Soros-backed fund Glen Point loses in first trading year, Regal Funds Management: Bleak year as returns in key funds plunge 25pc, Elm Ridge Capital up 25% in 2016[more]

    BlackRock's robot stock-pickers post record losses From Bloomberg.com: Like so many fund titans these days, Laurence D. Fink is betting on machines to turn around BlackRock Inc.'s beleaguered stock-picking business. Trouble is, they just might have made things worse. BlackRock

  5. Eurekahedge Hedge Fund Index up 1.01% in December (+4.48% YTD)[more]

    Hedge funds gained 1.01% during the month of December, with 2016 returns coming in at 4.48%. Meanwhile, underlying markets as represented by the MSCI AC World Index (Local) gained 2.38% in December with its 2016 returns coming in at 7.37%. North American equity markets traded higher in December as t