PRINT THIS PAGE Oak Hill Capital Management to close $2.5bn buy-out fund before the end of March23/02/2005. Source: AltAssets. 
 US private equity firm Oak Hill Capital Management reportedly plans to close its second buy-out fund, Oak Hill Capital Partners II, on $2.5bn before the end of March. The original target is said to have been $2bn.
The fund, having been marketed since last autumn, has already received commitments of approximately $1.3bn, including the $75m from California Public Employees' Retirement System, according to LBO Wire.
Oak Hill typically invests $25-250m in mid-market companies. Investments from the firm's previous fund, a $1.6bn buy-out fund raised in 1999, include Blackboard and Caribbean Restaurants - both have already been exited successfully.
Oak Hill also manages a distressed debt and mezzanine fund and a fund of funds.
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