Oak Hill Capital lowers target for buyout Fund IV, eyes up to $3bn


oak-tree_lrgPrivate equity investor Oak Hill Capital Partners is reportedly considering its next flagship buyout fund five years after the close of its predecessor.

The new fund will be a fair bit smaller than the $3.8bn Oak Hill Capital Partners III vehicle, according to Reuters, citing people familiar with the matter.

The firm has informed potential LPs that it is looking to raise between $2bn and $3bn with fundraising tipped to start by the end of the year, said the sources.

The firm’s Capital Partners III closed in 2009 with a $350m GP commitment.

Earlier this month New York-based Oak Hill agreed to buy rigid packaging maker Berlin Packaging from Investcorp in a deal worth more than $1.4bn.

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