Oak Hill nets $1.35bn for European distressed debt

19 Jul 2012

North American investment manager Oak Hill Advisors has reached final close of its first fund dedicated to European distressed debt after raising $1.35bn. The firm had set out with a target of $750m.

Oak Hill opened its London office in 2005, having been involved in the European credit markets for more than 10 years. It has made two senior hires in Europe this year. Declan Tiernan joined from UBS as managing director in the client coverage group in May, while Doug ...

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