Wafra, an alternative investment manager, has acquired a minority stake in middle-market buyout firm Oak Hill Capital Partners from Jefferies Financial Group, according to a news release.
Oak Hill's investment processes, management and day-to-day operations will not be changed. Oak Hill is led by Managing Partners Tyler Wolfram, Brian Cherry and Steve Puccinelli.
Terms of the transaction were not disclosed.
A Wafra spokeswoman could not be immediately reached for comment.