Oak Hill Advisors (OHA), a global credit-focused alternative asset manager, has held the final close of the OHA Senior Private Lending Fund (OLEND), the inaugural vintage of its dedicated senior private lending strategy. OLEND and its related vehicles have amassed $17.7 billion in total available capital across levered and unlevered structures, including $8.0 billion of equity commitments, making it the largest flagship fundraise in OHA’s history.  

OLEND is designed to capitalize on the expanding opportunity in direct lending to larger companies, with a focus on first lien and unitranche loans to borrowers generating more than $75 million of EBITDA. The strategy will invest primarily in North America.  

“OLEND is a natural extension of OHA’s established credit investing platform, which has evolved significantly in recent years to capture the growth of private credit and the attractive relative value in unitranche financings,” said Glenn August, Founder and CEO, and Alan Schrager, Portfolio Manager and Senior Partner. 

The fund’s global investor base includes pension funds, sovereign wealth funds, insurance companies, endowments, and family offices, with OHA’s partnership with T. Rowe Price playing a meaningful role in broadening distribution. 

OHA has approximately $108 billion in assets under management (AUM) across credit strategies, including private credit, distressed and special situation investments, high yield bonds, leveraged loans and collateralized loan obligations as of September 30, 2025.