OLD HICKORY PARTNERS MANAGEMENT, LP

Thesis

Old Hickory Partners Management, LP (OHP) is a private equity firm founded in 2018 and based in Austin, Texas, focusing on the lower middle market. The firm specializes in private credit and specialty finance, actively seeking niche opportunities that traditional funders might overlook. OHP's strategy involves sourcing proprietary deals through rigorous due diligence, including financial, industry, operational, and management assessments. They utilize diverse investment instruments such as secured debt, subordinate debt, preferred equity, equity warrants, profits interests, convertible debt, and structured participations. As of December 31, 2025, OHP managed approximately $366.3 million in regulatory assets. Fund II had an AUM of $160 million as of March 21, 2025, and Fund I had an AUM of $150.8 million as of June 23, 2022. The firm is actively seeking new investments. OHP's most recent publicly noted investment was with FST Technical Services on June 1, 2023. Old Hickory Partners Fund I, LP had a fundraising event on June 14, 2022, raising $122 million in equity. The firm's legal domicile is Texas, United States, with headquarters at 303 Colorado Street, Suite 2550, Austin, Texas 78701.