Oak Hill nearly halfway to $1bn target in latest private credit fund

The fund will invest in non-syndicated debt and illiquid large-cap deals.

Oak Hill Advisors has raised $419.92 million for its latest private debt fund, according to Securities and Exchange Commission regulatory filings.

The New York-based credit manager is targeting $1 billion for its OHA Credit Solutions Fund. The closed-end fund, which was launched in 2017, will invest in non-syndicated debt and illiquid large-cap situations, per a Deloitte investment report for the London Borough of Hammersmith & Fulham Pension Fund.