Oak Hill Capital Targets $500m to Extend MetroNet Investment

Oak Hill Capital Partners is pitching a single-asset secondary transaction involving fiber-optic network provider MetroNet Inc. that could raise $500m, according to people familiar with the matter.

The New York-based buyout firm could announce the closing of the so-called continuation fund as early as this week, one of the people said.

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Oak Hill Advisors is a leading alternative investment firm with approximately $51 billion of capital under management across distressed and performing credit investments. The firm’s investment activities are concentrated in North America and Europe.

OHA manages multi-strategy and single strategy credit funds, distressed funds, collateralized loan obligations and other customized mandates. The firm’s investment activities are driven by a fundamental value-oriented philosophy focused on credit analysis, relative value analysis, risk-adjusted return generation, loss avoidance and active risk management that has been in place for more than three decades.

Source: Wall Street Journal