Private equity firm Oak Hill Capital Management, or Oak Hill Capital Partners, entered into a strategic minority equity partnership with Stonyrock Partners LP and Jefferies Financial Group Inc.
Financial details of the transaction were not disclosed.
Evercore served as financial adviser, while Paul Weiss Rifkind Wharton & Garrison LLP served as legal counsel to Oak Hill. Willkie Farr & Gallagher LLP served as legal counsel to Stonyrock.
Private equity firm Stonyrock makes minority investments in middle-market alternative asset management firms.
Oak Hill invests in consumer, retail and distribution, industrials, media and communications, and services.