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Oak Hill Closes $1.2B Fund

Oct 01, 2013
Jing Chen

Credit hedge fund firm Oak Hill Advisors announced the final closing of its U.S. distressed residential mortgage fund on Tuesday.

According to Jason Serrano, who is the portfolio manager of the closing fund, New York-based Oak Hill  will continue to “leverage [its] relationships and residential home and loan n analytics platform to source, analyze and invest in attractive residential mortgage investment opportunities.”

Institutional investors in the fund, which seeks to capitalize on the dislocation in the U.S. residential mortgage market by investing in whole loans and other mortgage-related investments, include sovereign wealth funds, pension plans, endowments and foundations, insurance companies and family offices.

Oak Hill, specializing in below investment grade corporate credit and distressed investments, has approximately $20 billion in assets under management.

Sources:

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