Mon, Apr 21, 2014
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   |   
Banner
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. Opalesque Exclusive: Classic Auto Funds Limited (CAF) launches several car investing funds[more]

    Bailey McCann, Opalesque New York: A new trend in alternative alternatives is emerging - car appreciation funds. Classic Auto Funds Limited (CAF) is the first to market with several funds that make super elite luxury cars into real asset investments. As a result of growing overseas demand couple

  2. Investing – Big hedge funds bought Puerto Rico's junk bonds, Fidelity explores new trading venue amid flash trade concerns, Crisis-era Greek bonds reward early buyers with big effective returns, Cargill unit discloses stake in Freddie preferred[more]

    Big hedge funds bought Puerto Rico's junk bonds From Reuters.com: Several large hedge funds doubled down on Puerto Rico in last month's giant bond sale despite the U.S. territory's financial struggles, the Wall Street Journal reported, citing confidential documents reviewed by the newspa

  3. Opalesque Exclusive: Hedge fund replicators evolve[more]

    Bailey McCann, Opalesque New York: Hedge fund replicators as a group of products tend to get a bad rap from hedge fund managers who suggest that the best a replicator can offer is dynamic beta capture. A

  4. Opalesque Exclusive: Pensions, endowments, family offices reconsider life settlement investments[more]

    Bailey McCann, Opalesque New York: Hedge funds were once the largest investors in the life settlement industry, now the industry is seeing more interest from pensions, endowments and family offices directly. Life settlements have always been considered a niche part of the investing landscape, an

  5. SEC allows investment funds to use social media[more]

    Bailey McCann, Opalesque New York: The Securities and Exchange Commission (SEC) has released new guidance letting investment funds and advisors use social media to promote client reviews. The guidance seeks to assist investment managers in developing compliance policies and procedures reasonably