Press release
OHA and OneIM Launch a Partnership to Invest in European Private Credit
New York, New York, July 16, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”), a leading global credit-focused alternative asset manager, and One Investment
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[{"type":"text","content":"New York, New York, July 16, 2024 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”), a leading global credit-focused alternative asset manager, and One Investment Management (“OneIM”), a global alternative investment manager, today announce the formation of a partnership to invest in European private credit. The new venture has initially up to $5 billion of investable capital which will help address the needs of European borrowers. Both firms will benefit from the partnership’s size and scale, as well as the teams’ combined sourcing and origination capabilities. “The European private credit market has been rapidly evolving, with high quality European borrowers increasingly seeking the benefits of private credit.” said Alexis Atteslis, Co-Head of Europe and Partner at OHA. “Our venture with OneIM will be a trusted, ‘go-to’ financing partner for companies and private equity sponsors, offering bespoke and flexible capital solutions.” The partnership represents a landmark initiative for both firms and is a natural extension of both OHA’s European credit and global private credit businesses. OHA has been investing in Europe since 1992, establishing a dedicated European office in London in 2005, and has made over $17 billion of investments in the region. Founded in 2022, OneIM is a global alternative investment management firm with offices in London, New York, Tokyo and Abu Dhabi, which has raised commitments of approximately $7 billion. The firm’s mandate creates flexibility to invest across the capital structure in a range of industries, geographies and asset classes including real estate, public and private equity and credit. OneIM efficiently targets fresh capital opportunities, capturing both credit and equity market cycles, creating resilience and the potential for higher long- term performance. Ignacio Lopez-Garrastazu Torrens, Partner at OneIM, said: “OneIM’s deep global network, flexibility and expertise coupled with OHA’s longstanding market positioning will provide European borrowers with solutions that best address their companies’ needs right now.” OHA entered the private markets in 2002 as one of the first non-bank lenders and has since made nearly $39 billion in private credit commitments across more than 300 portfolio companies, with approximately half in first lien loan and unitranche investments and the other half in sec...