OHA Secures Significant Commitment from ADIA for European Special Situations Strategy

Rhea-AI Summary

Oak Hill Advisors (T. Rowe Price - NYSE:TROW) has secured a major commitment from the Abu Dhabi Investment Authority (ADIA) for its European special situations strategy. OHA brings over 30 years of European credit investing experience, having deployed more than €18 billion in the region, including €7 billion in private and special situations.

The London-based special situations team, co-led by partners Alexis Atteslis and Musa Sönmez, will focus on providing flexible financing solutions to European borrowers. ADIA, which has been investing with OHA since 2015, is deepening its relationship through this new commitment.

Positive

• Strategic partnership with major sovereign wealth fund ADIA strengthens OHA's capital base
• Expansion of European special situations strategy leveraging €18 billion deployment track record
• Deepening of existing relationship with ADIA, an investor since 2015
• Enhanced ability to provide flexible financing solutions in European markets

Negative

• None.

Insights

Financial Investment Analyst

TROW's OHA unit secures major ADIA commitment, strengthening its European special situations strategy and deepening a valuable sovereign wealth relationship.

Oak Hill Advisors (OHA), a credit-focused alternative asset manager under T. Rowe Price (TROW), has secured a significant capital commitment from Abu Dhabi Investment Authority (ADIA) to strengthen its European special situations strategy. This represents a meaningful expansion of OHA's capital base for European investments.

The strategic importance of this deal lies in both the capital infusion and the deepening relationship with ADIA, one of the world's largest sovereign wealth funds. This marks a continuation of a partnership dating back to 2015, demonstrating ADIA's sustained confidence in OHA's investment capabilities.

OHA brings substantial experience to this expansion, having deployed over €18 billion in Europe since 1992, including €7 billion specifically in private and special situations. The timing is strategically relevant as European companies face a challenging credit environment where flexible capital solutions are increasingly valuable.

This commitment enhances OHA's ability to provide customized financing to European borrowers during market stress, potentially creating higher-yield opportunities compared to traditional fixed income. For TROW shareholders, this represents an expansion of the firm's alternative investment capabilities, which typically generate higher fee revenue compared to traditional asset management.

The leadership of this initiative by experienced partners Alexis Atteslis and Musa Sönmez, coupled with OHA's three-decade track record in European credit, suggests the firm is well-positioned to execute on this expanded mandate in what remains a fragmented European special situations market.

London, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Oak Hill Advisors (“OHA”), a leading global credit-focused alternative asset manager, has secured a significant commitment from a wholly owned subsidiary of the Abu Dhabi Investment Authority (“ADIA”) for its European special situations strategy. Drawing on OHA’s more than 30 years of European credit investing expertise, the strategy will offer flexible and scalable financing solutions tailored to the evolving needs of European corporate and non-corporate borrowers in the current dynamic market environment.

Since the inception of its European investment activities in 1992, OHA has deployed over €18 billion in the region, including €7 billion in private and special situations opportunities. The firm’s experienced London-based special situations investment team—co-led by OHA partners Alexis Atteslis and Musa Sönmez—are responsible for the execution of the strategy, leveraging deep local sourcing capabilities and proprietary relationships to originate both private capital solutions and identify dislocated credits in secondary markets.

“At OHA, we maintain a rigorous, value-oriented approach to credit investing, with a strong focus on active portfolio management,” said Alexis Atteslis, Co-Head of Europe and Partner at OHA. “This investment from ADIA marks a significant milestone in the growth of OHA’s European platform, and we look forward to delivering flexible, tailored capital solutions to European companies.”

Since its inception, OHA has built enduring relationships with investors by customizing strategies to meet their diverse return objectives. ADIA has invested with OHA since 2015.

“We are pleased to deepen our longstanding relationship with ADIA through this new investment,” said Glenn August, Founder and Chief Executive Officer of OHA. “With more than three decades of investment experience across geographies and asset types, OHA has cultivated deep credit expertise that has enabled us to navigate complex market environments, identify high-quality opportunities and deliver long-term value to our investors.”

“OHA is a long-standing and proven partner, with an experienced team and a strong track record of identifying and deploying into high-quality credit opportunities,” said Hamad Shahwan Aldhaheri, Executive Director of the Private Equities Department at ADIA. “This investment aligns with our approach of building lasting relationships with leading, differentiated private credit providers and supporting them as they expand to meet market demand.”

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About OHA: OHA is a leading global credit-focused alternative asset manager with over 30 years of investment experience. OHA works with institutions and individuals and seeks to deliver a consistent track record of attractive risk-adjusted returns. The firm has approximately $98 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 June 30, 2025. Additional information on OHA’s AUM calculation methodology can be found on the OHA website. OHA’s emphasis on long-term partnerships with companies, sponsors and other partners allows for the provision of customized credit solutions across market cycles.

With over 420 experienced professionals across six global offices, OHA brings a collaborative approach to offering investors a single platform to meet their diverse credit needs. OHA is the private markets platform of T. Rowe Price Group, Inc. (NASDAQ – GS: TROW). For more information, please visit www.oakhilladvisors.com.

About ADIA: Established in 1976, the Abu Dhabi Investment Authority (“ADIA”) is a globally-diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation. For more information: https://www.adia.ae

Natalie Harvard, Head of Investor Relations & Partner
Oak Hill Advisors, L.P.
212-326-1505
nharvard@oakhilladvisors.com

Kristin Celestino, Vice President, Branding
Oak Hill Advisors, L.P.
817-215-2934
kcelestino@oakhilladvisors.com

FAQ

What is the new partnership between Oak Hill Advisors and ADIA for TROW stock?

ADIA has made a significant commitment to OHA's European special situations strategy, building on their existing relationship since 2015 to provide flexible financing solutions in European markets.

How much has Oak Hill Advisors invested in European markets?

OHA has deployed over €18 billion in European markets since 1992, including €7 billion specifically in private and special situations opportunities.

Who leads Oak Hill Advisors' European special situations team?

The London-based special situations investment team is co-led by OHA partners Alexis Atteslis and Musa Sönmez.

How long has ADIA been investing with Oak Hill Advisors (TROW)?

ADIA has been an investor in Oak Hill Advisors since 2015, and this new commitment represents a deepening of their longstanding relationship.

What is Oak Hill Advisors' experience in European credit investing?

OHA has over 30 years of European credit investing experience, dating back to 1992, with expertise in private capital solutions and identifying dislocated credits in secondary markets.