White Oak Global Advisors LLC has completed fundraising for White Oak Yield Spectrum Fund V and other associated vehicles with over $1.3 billion of total committed capital. An additional commitment of up to $1.0 billion was received for investments in specialty finance with a focus on asset-based lending.
The capital for Fund V was raised from institutional investors worldwide with support from pension funds, insurance companies and other institutional investors.
Andre Hakkak, co-founder and CEO at White Oak, commented, “We are grateful to our investors who have continued to support us through new commitments and deeper partnerships in each successive vintage. We are also excited to welcome new investors to the White Oak family and appreciate their confidence in our team’s ability to execute a diversified lending strategy that provides attractive risk-adjusted returns.”
The fund’s investments will be primarily directly originated lending opportunities from non-sponsored small and medium sized businesses.
Campbell Lutyens & Co. Ltd acted as placement agent working in conjunction with the White Oak business development team. Kirkland & Ellis provided legal counsel.