US/EUROPE - Oak Hill closes distressed debt fund on $1.13bn
Oak Hill Advisors has surpassed the firm's $750m target for its OHA Strategic Credit Fund, holding a final close on $1.125bn.
The vehicle, which was initially formed in March 2008, targets opportunities in stressed and distressed loans, bonds and other investments. The fund's LPs include domestic and international investors, such as corporate and public pension plans, endowments, insurance companies and family offices.
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