OHA Announces Final Close of $17.7 Billion of Total Available Capital for Senior Private Lending Strategy [Yahoo! Finance]
T. Rowe Price Group, Inc. (TROW)
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Source: Yahoo! Finance
the final close of OHA Senior Private Lending Fund (“OLEND”), the first vintage of OHA's dedicated senior private lending strategy. OLEND and its related vehicles have raised $17.7 billion of total available capital across their levered and unlevered offerings, including $8.0 billion of equity commitments. OLEND seeks to capitalize on the growing opportunity for direct lending to larger companies, focusing on first lien and unitranche loans to companies with greater than $75 million of EBITDA. Supported by OHA's industry-specialist investment teams, the fund will invest primarily in North America and across a wide range of industries that OHA considers recession-resistant. “OLEND is OHA's largest flagship fundraise in our history,” said Glenn August, Founder and Chief Executive Officer at OHA. “The team is looking forward to seizing on the market opportunity in senior private lending, and we are grateful for our partnership with existing and new investors.” OHA has invested hund
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