Oak Hill Capital Closes Oak Hill Capital Partners V
Oak Hill Capital has closed Oak Hill Capital Partners V, a ~$3.8bn private equity fund. The firm says that OHCP V was significantly oversubscribed, surpassing its target of $3.0bn and exceeding Oak Hill Capital Partners IV by over 40%. OHCP V also represents the largest amount of third-party capital that Oak Hill has raised in its 35-year history.
Tyler Wolfram, CEO & Managing Partner, said, “We are grateful for our Limited Partners’ confidence, trust and conviction in our team and investment strategy. We are especially pleased to note that over 90% of OHCP IV’s interests re-upped into OHCP V. We appreciate the continued support from our existing investor base and are pleased to welcome our new investors to the Oak Hill family. We have constructed a global and diverse investor base for OHCP V, including more than 100 institutional limited partners from 25 countries, representing leading endowments and foundations, public and corporate pension plans, sovereign wealth funds, insurance companies, financial institutions, consultants, and family offices.”
Oak Hill will continue to target control-oriented private equity investments of $100mn to $400mn in middle-market companies primarily in North America, focused across the Services, Industrials, Media & Communications, and Consumer sectors. OHCP V is already over 40% committed with six platform investments to date, including Mercer Global Advisors, Calero-MDSL, Metronet Holdings, Future Fiber Holdings, Race Communications, and Galway Insurance.
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