Oak Hill and OneIM launch European private credit JV
Oak Hill Advisors (OHA) has partnered with One Investment Management (OneIM) to invest in European private credit.
The firms said that the partnership, which initially has up to $5bn (£3.8bn) of investable capital, will utilise both firms’ sourcing and origination capabilities.
OHA is a New York-headquartered alternative asset manager with over $64bn of capital across a variety of credit strategies including private credit.
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It has invested $17bn in Europe since it began operating in the region in 1992.
“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.”
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OneIM, which launched in 2022, is a global alternative investment manager which has raised commitments of around $7bn. It invests across a range of asset classes including real estate, public and private equity and credit.
“Partnering with OHA will leverage our combined expertise and resources,” said Yanni Pipilis, co-founder of OneIM and managing partner.
“This will further enable us to deliver innovative financing solutions tailored to the unique needs of our borrowers and continue to drive the growth of European businesses.”
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