Jefferies Financial Group Inc. is exploring the sale of its minority stake in private equity firm Oak Hill Capital Partners, according to people with knowledge of the matter.
Jefferies bought a 10% to 15% stake in Oak Hill Capital in 2019, when the firm planned to make it the anchor investment in a fund managed by Stonyrock Partners. Stonyrock planned to raise as much as $1 billion to buy stakes in private equity, real estate, infrastructure and other asset classes.
