Oak Hill Advisors is set to initiate investor commitments for its new private debt fund, the OHA Senior Private Lending Fund. The fund will concentrate its investments on senior portions of financial transactions. This follows informants who liaise closely with the situation, however, their identities remain undisclosed due to the privacy concerns.
The OHA Senior Private Lending Fund, also known as OLEND, is expected to apply leverage to enhance returns. It is slated for launch later in the month and indications are it could potentially reach up to a total value of $2 billion, as one of the insiders shared.
Glenn August, CEO of Oak Hill Advisors, along with the senior partner Alan Schrager, will be key figures involved with this new fund. More details about the project are expected to be released in due course.
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