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General Atlantic Completes Investment in Oak Hill Advisors

OAK HILL ADVISORS ANNOUNCES INVESTMENT BY GENERAL ATLANTIC, ROBERT M. BASS AND MANAGEMENT

New York and London, October 25, 2011- Oak Hill Advisors, L.P. ("Oak Hill Advisors"), a $12.8 billion investment management firm specializing in below investment grade corporate credit and distressed investments, announced today that an investor group composed of General Atlantic LLC ("GA"), Robert M. Bass, and senior management made an investment in Oak Hill Advisors and purchased the minority stake held by iStar Financial Inc. The transaction increases the management team's majority interest in Oak Hill Advisors and, with Mr. Bass, brings GA, a leading global growth equity firm, as a minority investor into the company. Mr. Bass co-founded Oak Hill Advisors' first investment fund and has maintained a strategic relationship with the firm since its formation.

"We are excited to be increasing management's ownership of the firm. In addition, we are delighted to have the commitment and support of GA and Mr. Bass as partners," said Glenn R. August, President of Oak Hill Advisors. "We greatly value the global perspective, experience and relationships that these well-respected investors bring to our business."

"We have long known and admired Oak Hill Advisors for the strength of its management team and its long term track record of attractive investment performance for its investors. We are very pleased to have the opportunity to contribute to further building the firm and to participate in its bright future," said William E. Ford, CEO of General Atlantic.

Oak Hill Advisors and its predecessor firms have been managing funds and separate accounts invested in performing and distressed credit markets in both North America and Europe for more than 20 years. Since January 2008, Oak Hill Advisors has raised more than $4 billion of net new capital from investors world-wide, including pension plans, sovereign wealth funds, insurance companies, foundations and family offices.

Since its founding in 1980, General Atlantic has been an active investor in financial services, investing nearly $3 billion in more than two dozen financial services companies globally. Current financial services sector investments include CITCO, First Republic Bank, Getco LLC, Markit, BM&F Bovespa and Indusland Bank; prior investments in the sector include NYSE Euronext (via Archipelago), CME Group (via NYMEX), RiskMetrics and E*Trade. In addition to financial services, GA focuses on providing growth equity globally to leading businesses in the following sectors: healthcare; energy and resources; business services; Internet and technology; and emerging markets consumer.

Citi and Morgan Stanley acted as financial advisors to Oak Hill Advisors in connection with the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to Oak Hill Advisors.

About Oak Hill Advisors

Oak Hill Advisors, L.P. is an independent investment management firm with more than 20 years of experience and $12.8 billion of capital in distressed funds, credit hedge funds, customized mandates and other specialty credit products. With offices in New York, London, Sydney and Fort Worth, Texas, the firm invests in leveraged loans, high yield bonds, distressed investments and structured products in the North American and European markets. For further information about Oak Hill Advisors, L.P., please visit www.oakhilladvisors.com.

About General Atlantic

General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. GA combines a collaborative global approach, sector specific expertise, long-term investment horizon and deep understanding of growth drivers to partner with great management teams and build exceptional businesses worldwide. Established in 1980, GA manages approximately $17 billion in capital and has more than 75 investment professionals based in Greenwich, New York, Palo Alto, London, Düsseldorf, Hong Kong, Beijing, Mumbai and São Paulo. For further information and a listing of GA's public and private portfolio companies see www.generalatlantic.com.

About Robert M. Bass

Robert M. Bass is president of Keystone Group LP, a holding company through which he coordinates his investments in securities, real estate, oil and gas. He is the founder of the Oak Hill investment funds. He is a trustee and former chairman of the board of trustees of Stanford University and director and former chairman of Stanford Management Company. He also is a trustee of Rockefeller University, Middlesex School, and the Amon Carter Museum. Mr. Bass is past chairman of the National Trust for Historic Preservation and Cook Children's Medical Center.

Media contacts

For Oak Hill Advisors:

Christine Castro
Kekst and Company
+1 415-852-3903 (office)
+1 415-852-8831 (mobile)
christine-castro@kekst.com

For General Atlantic:

Pat Hedley
General Atlantic
+1 203-629-8658
phedley@generalatlantic.com

Adam Weiner or Peter Hill
Kekst and Company
+1 212-521-4800
adam-weiner@kekst.com or peter-hill@kekst.com

OAK HILL ADVISORS ANNOUNCES INVESTMENT BY GENERAL ATLANTIC, ROBERT M. BASS AND MANAGEMENT

New York and London, October 25, 2011- Oak Hill Advisors, L.P. ("Oak Hill Advisors"), a $12.8 billion investment management firm specializing in below investment grade corporate credit and distressed investments, announced today that an investor group composed of General Atlantic LLC ("GA"), Robert M. Bass, and senior management made an investment in Oak Hill Advisors and purchased the minority stake held by iStar Financial Inc. The transaction increases the management team's majority interest in Oak Hill Advisors and, with Mr. Bass, brings GA, a leading global growth equity firm, as a minority investor into the company. Mr. Bass co-founded Oak Hill Advisors' first investment fund and has maintained a strategic relationship with the firm since its formation.

"We are excited to be increasing management's ownership of the firm. In addition, we are delighted to have the commitment and support of GA and Mr. Bass as partners," said Glenn R. August, President of Oak Hill Advisors. "We greatly value the global perspective, experience and relationships that these well-respected investors bring to our business."

"We have long known and admired Oak Hill Advisors for the strength of its management team and its long term track record of attractive investment performance for its investors. We are very pleased to have the opportunity to contribute to further building the firm and to participate in its bright future," said William E. Ford, CEO of General Atlantic.

Oak Hill Advisors and its predecessor firms have been managing funds and separate accounts invested in performing and distressed credit markets in both North America and Europe for more than 20 years. Since January 2008, Oak Hill Advisors has raised more than $4 billion of net new capital from investors world-wide, including pension plans, sovereign wealth funds, insurance companies, foundations and family offices.

Since its founding in 1980, General Atlantic has been an active investor in financial services, investing nearly $3 billion in more than two dozen financial services companies globally. Current financial services sector investments include CITCO, First Republic Bank, Getco LLC, Markit, BM&F Bovespa and Indusland Bank; prior investments in the sector include NYSE Euronext (via Archipelago), CME Group (via NYMEX), RiskMetrics and E*Trade. In addition to financial services, GA focuses on providing growth equity globally to leading businesses in the following sectors: healthcare; energy and resources; business services; Internet and technology; and emerging markets consumer.

Citi and Morgan Stanley acted as financial advisors to Oak Hill Advisors in connection with the transaction. Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as legal counsel to Oak Hill Advisors.

About Oak Hill Advisors

Oak Hill Advisors, L.P. is an independent investment management firm with more than 20 years of experience and $12.8 billion of capital in distressed funds, credit hedge funds, customized mandates and other specialty credit products. With offices in New York, London, Sydney and Fort Worth, Texas, the firm invests in leveraged loans, high yield bonds, distressed investments and structured products in the North American and European markets. For further information about Oak Hill Advisors, L.P., please visit www.oakhilladvisors.com.

About General Atlantic

General Atlantic is a leading global growth equity firm providing capital and strategic support for growth companies. GA combines a collaborative global approach, sector specific expertise, long-term investment horizon and deep understanding of growth drivers to partner with great management teams and build exceptional businesses worldwide. Established in 1980, GA manages approximately $17 billion in capital and has more than 75 investment professionals based in Greenwich, New York, Palo Alto, London, Düsseldorf, Hong Kong, Beijing, Mumbai and São Paulo. For further information and a listing of GA's public and private portfolio companies see www.generalatlantic.com.

About Robert M. Bass

Robert M. Bass is president of Keystone Group LP, a holding company through which he coordinates his investments in securities, real estate, oil and gas. He is the founder of the Oak Hill investment funds. He is a trustee and former chairman of the board of trustees of Stanford University and director and former chairman of Stanford Management Company. He also is a trustee of Rockefeller University, Middlesex School, and the Amon Carter Museum. Mr. Bass is past chairman of the National Trust for Historic Preservation and Cook Children's Medical Center.

Media contacts

For Oak Hill Advisors:

Christine Castro
Kekst and Company
+1 415-852-3903 (office)
+1 415-852-8831 (mobile)
christine-castro@kekst.com

For General Atlantic:

Pat Hedley
General Atlantic
+1 203-629-8658
phedley@generalatlantic.com

Adam Weiner or Peter Hill
Kekst and Company
+1 212-521-4800
adam-weiner@kekst.com or peter-hill@kekst.com