Oak Hill Advisors (OHA) and The Carlyle Group have both began marketing distressed funds to limited partners (LPs), according to investors who have heard the pitch. Both the New York-based sub-investment grade credit specialist and the Washington, DC-headquartered alternative investment firm are targeting $2 billion for their strategies. Both are also planning to invest their funds in the US and Europe.
Big name managers launch distressed funds – exclusive
Oak Hill Advisors and The Carlyle Group have both began marketing global distressed funds and are each aiming to raise $2 billion.
