Oak Hill Capital Management closed its second private equity fund at...

Oak Hill Capital Management closed its second private equity fund at $2.5 billion, surpassing its $1.75 billion target, said Suzanne Bryan, vice president of investor relations. Oak Hill's first fund was a $1.6 billion 1999 vintage fund. Investors in the second fund include the $196.7 billion California Public Employees' Retirement System, $70 billion New Jersey State Investment Council and the $64.5 billion Ohio Public Employees Retirement System.