Oak Hill to Take Commitments for Senior Private Lending Fund

Oak Hill Advisors plans to start taking investor commitments for a new private debt fund that will focus on owning senior portions in financial transactions, according to people familiar with the matter.

The new investment vehicle, which will be named OHA Senior Private Lending Fund, will use leverage to bolster returns, said the people, who asked not to be named. The fund, also known as OLEND, is set to launch later this month and could reach a size of at least $2 billion, one of the people said.

Oak Hill chief executive officer Glenn August, senior partner
Alan Schrager ...