<p>Private equity company Oak Hill Capital Partners has raised $2.65 billion for its fourth buyout fund, easily surpassing both its $2.0 billion target and its $2.5 billion hard cap. </p>
<p>The new fund, named Oak Hill Capital Partners IV, was significantly oversubscribed, the company said in a statement. The fund will follow Oak Hill’s longstanding theme-based investment philosophy and systematic approach. </p>