OHA Announces Final Close of $17.7 Billion of Total Available Capital for Senior Private Lending Strategy

Core Insights - Oak Hill Advisors (OHA) has successfully closed its OHA Senior Private Lending Fund (OLEND), raising a total of $17.7 billion in capital, including $8.0 billion in equity commitments, marking it as the largest fundraise in the company's history [1][3]. Fund Strategy and Focus - OLEND aims to leverage the growing opportunities in direct lending to larger companies, specifically targeting first lien and unitranche loans for companies with over $75 million in EBITDA [2]. - The fund will primarily invest in North America and focus on industries deemed recession-resistant by OHA [2]. Market Position and Expertise - OHA has over three decades of experience in leveraged finance markets and aims to utilize its underwriting expertise and focus on downside protection to deploy capital effectively through OLEND [3]. - The fund is positioned to capitalize on favorable market dynamics for new leveraged buyouts and corporate growth initiatives, indicating a strong potential for increased deal flow [4]. Investor Base and Partnerships - OLEND's investor base includes a diverse range of global investors such as pension funds, sovereign wealth funds, insurance companies, endowments, and family offices, reflecting the fund's versatility and appeal [4][5]. - The partnership with T. Rowe Price has been significant in this fundraising effort, helping to establish new relationships and enhance the platform [4]. Long-term Value Creation - The investment strategy of OLEND is designed to deliver consistent returns and create long-term value for investors, emphasizing the compelling opportunities in senior direct lending [5]. - OHA manages approximately $108 billion in assets across various credit strategies, showcasing its extensive experience and commitment to providing customized credit solutions [5].