Mon, Aug 31, 2015
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. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Performance - Hedge funds set to bank millions by short selling during London share slump, The China market chaos has made this hedge fund its most money in 2 years, Odey hedge fund said to surge 9% betting against China, Hedge funds with long-held bearish views on China rack up profits, Hedge funds in U.S. seen curbing damage from August turbulence, Hedge funds collect on their predictions of a fall, How did managed futures do while the Dow was down 1000[more]

    Hedge funds set to bank millions by short selling during London share slump From TheGuardian.com: Hedge funds are set to bank tens of millions of pounds from the slump in share prices in London, having bet almost £18bn that the FTSE 100 would fall. The funds making the bets include Lansd

  5. Opalesque Exclusive: John C Head IV leaves alternative investment firm Gallery Capital, David Harrison joins as co-CIO[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: John C Head IV, former president and co-founder of Gallery Capital Management, an alternative inv

 

banner