High yield credit manager Oak Hill brings on board new shareholders

Investment management firm Oak Hill Advisors yesterday announced that an investor group including General Atlantic, Robert Bass, and senior management made an investment in Oak Hill and bought out the minority stake held in the firm by iStar Financial.

Management's majority interest in Oak Hill increases as part of the deal, with General Atlantic and Bass becoming minority investors. 

Oak Hill has offices in New York and London, and specialised in sub-investment grade and distressed credit opportunities. It has approximately $12.7 billion of capital, and manages credit hedge funds, distressed funs, long-only funds, as well as other speciality credit funds.