Oak Hill Advisors (OHA), a global credit-focused alternative asset manager, closed the third vintage of its CLO equity fund, OHA CLO Enhanced Equity Fund III (OHCEE III), with total equity commitments of $1.1 billion. These commitments will enable OHA to deploy approximately $10 billion in CLOs. OHCEE III is focused on investing in the primary equity of OHA-managed CLOs.
The fund attracted commitments from a global base of investors, including pension funds, sovereign wealth funds, corporations, endowments and family offices. OHCEE III will seek to build on the success of OHA’s predecessor equity funds, OHCEE I and II.
“OHCEE III reflects OHA’s commitment to offering differentiated credit strategies tailored to the evolving needs of investors,” Harpreet Anand, portfolio manager and partner at OHA, said. “Our disciplined approach to CLO equity investing, supported by fundamental research analysis across the credit spectrum, is designed to preserve capital, create long-term value and outperform across market environments.”
“We are pleased to reach this milestone with OHCEE III, which underscores the continued growth and evolution of our CLO platform,” TK Narayan, head of corporate structured products and partner at OHA, said. “This fund aims to utilize OHA’s high-conviction approach to credit selection and portfolio construction, supported by our experienced team and decades of credit investing expertise.”
“The CLO equity market continues to offer compelling opportunities for managers who can navigate complexity and manage risk effectively,” Thomas Wong, portfolio manager and partner at OHA, said. “OHCEE III is built to capitalize on these dynamics with a strategy focused on generating alpha in an effort to deliver attractive, risk-adjusted returns for our investors.”
