Oak Hill Capital
Theme-based investment firm
New York, NY
Overall Rank: 15
Category: Mid/Large Cap Growth
Category Rank: 9
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Oak Hill is a longstanding private equity firm focused on the North American middle-market. Oak Hill applies a specialized, theme-based approach to investing in the following dedicated industry sectors: media & communications, industrials, services, and consumer. The firm implements a highly systematic approach to theme development, proactive origination, and value creation in partnership with management to build franchises of lasting value. Over the past 35+ years, Oak Hill and its predecessors have raised over $20 billion of initial capital commitments and co-investments, invested in over 100 companies, and completed more than 400 add-on
acquisitions representing an aggregate enterprise value at acquisition of approximately $70 billion.
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Tyler J. Wolfram, Managing Partner
Tyler J. Wolfram (Managing Partner) joined Oak Hill in 2001 and has 33 years of industry experience. Tyler was promoted to Managing Partner in 2012.
Brian Cherry, Managing Partner
Brian Cherry (Managing Partner) has 25 years of industry experience. Brian joined Oak Hill in 2014 as a Partner, and he was promoted to Managing Partner in 2019. Brian is responsible for originating, structuring, and managing investments for the firm’s industrials group.
Steven G. Puccinelli, Managing Partner
Steven G. Puccinelli (Managing Partner) joined Oak Hill in 2015 and has 41 years of industry experience. Steven was promoted to Managing Partner in 2019. He is responsible for originating, structuring, and managing investments for the firm’s business services group.
From 1986 to 1998, the firm conducted its investment activities as the family office of Robert Bass.
In 1999, the firm raised its first outside capital and formed OHCP I, a $1.6 billion private equity fund. In 2004, the firm formed OHCP II, a $2.5 billion private equity fund, and in 2007, the firm formed OHCP III, a $3.8 billion private equity fund. In 2016, the firm formed OHCP IV, a ~$2.7 billion private equity fund. In 2019, the firm formed OHCP V, a ~$3.8 billion private equity fund.
Since 1986, Oak Hill has committed over ~$20 billion across 100+ private equity transactions with an aggregate enterprise value at acquisition of over $60 billion.
Since its founding, Oak Hill has prioritized responsible investments. The culture of the firm has always been to “do the right thing,” and it has walked away from investments that contribute to negative environmental and social impacts, such as investments in firearms, gambling, and payday loans.
Oak Hill’s formal Environmental, Social and Governance (“ESG”) program was established over ten years ago. Since then, Oak Hill created an ESG Committee, hired an ESG Officer, and built extensive partnerships with Environmental Defense Fund and BSR (a nonprofit consulting firm in the ESG sector).
Oak Hill adopted a Responsible Investment Policy in 2013 and was an early middle-market private equity firm in North America to become a signatory to the UNPRI in 2014. Even further, from 2016-2018, Oak Hill held one of 12 seats on the UNPRI’s Private Equity Advisory Committee and was one of only three fund sponsors to hold such during that time.
Oak Hill’s ESG & Diversity, Equity and Inclusion (“DEI”) efforts extend down to the firm’s portfolio companies. Oak Hill actively works with portfolio company management to monitor and improve ESG performance. Depending on the portfolio company, the firm may assist with initiatives related to a wide variety of ESG issues including employee engagement, health and safety, environmental performance, corporate governance, supply chain, and more. Management teams have embraced and championed this work, often collaborating with Oak Hill to bring innovative and effective approaches to ESG issues. In addition, in the fall of 2021, Oak Hill made a requirement that all majority investments report on ESG in each quarterly board packet.