Jefferies Said to Weigh Sale of Oak Hill Capital Partners Stake

Jefferies Financial Group Inc. is exploring the sale of its minority stake in private equity firm Oak Hill Capital Partners, according to people with knowledge of the matter.

Jefferies bought a 10% to 15% stake in Oak Hill Capital in 2019, when the firm planned to make it the anchor investment in a fund managed by Stonyrock Partners. Stonyrock planned to raise as much as $1 billion to buy stakes in private equity, real estate, infrastructure and other asset classes.

Jefferies has since wound down the fund, dubbed Stonyrock Alt Fund I LP, Reuters reported earlier this year. ...