Oak Hill Raises Its Biggest Fund Ever for Private-Lending Bets

Oak Hill Advisors raised $8 billion in equity commitments for a strategy dedicated to senior direct lending, about double its original target and the largest fundraise in the firm’s history.

The OHA Senior Private Lending Fund, which had its first close in 2024, will invest across “recession-resistant” industries and mostly in North America, the New York-based firm said in a statement seen by Bloomberg. It will have total available capital of $17.7 billion.

“The team is looking forward to seizing on the market opportunity in senior private lending, and we are grateful for our partnership with existing and new investors,” ...