-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
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<SEC-DOCUMENT>0001140361-09-026161.txt : 20091116
<SEC-HEADER>0001140361-09-026161.hdr.sgml : 20091116
<ACCEPTANCE-DATETIME>20091116113125
ACCESSION NUMBER:		0001140361-09-026161
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20091116
DATE AS OF CHANGE:		20091116
EFFECTIVENESS DATE:		20091116

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OAK HILLS PRIVATE EQUITY FUND LLC f/k/a OAK HILLS 2007 PRIVATE EQUITY FUND LLC
		CENTRAL INDEX KEY:			0001424935
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			OK

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-113783
		FILM NUMBER:		091184595

	BUSINESS ADDRESS:	
		STREET 1:		13905 QUAIL POINTE DRIVE
		STREET 2:		SUITE A5
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73134
		BUSINESS PHONE:		405-286-9759

	MAIL ADDRESS:	
		STREET 1:		13905 QUAIL POINTE DRIVE
		STREET 2:		SUITE A5
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73134

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OAK HILLS PRIVATE EQUITY FUND LLC
		DATE OF NAME CHANGE:	20090413

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OAK HILLS 2007 PRIVATE EQUITY FUND LLC
		DATE OF NAME CHANGE:	20080124
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0603</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001424935</cik>
        <entityName>OAK HILLS PRIVATE EQUITY FUND LLC f/k/a OAK HILLS 2007 PRIVATE EQUITY FUND LLC</entityName>
        <issuerAddress>
            <street1>13905 QUAIL POINTE DRIVE</street1>
            <street2>SUITE A5</street2>
            <city>OKLAHOMA CITY</city>
            <stateOrCountry>OK</stateOrCountry>
            <zipCode>73134</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>405-286-9759</issuerPhoneNumber>
        <jurisdictionOfInc>OKLAHOMA</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <previousName>OAK HILLS PRIVATE EQUITY FUND LLC</previousName>
            <previousName>OAK HILLS 2007 PRIVATE EQUITY FUND LLC</previousName>
        </edgarPreviousNameList>
        <entityType>Limited Liability Company</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2007</value>
        </yearOfInc>
    </primaryIssuer>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Donald</firstName>
                <middleName>L.</middleName>
                <lastName>Dillingham</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>13905 Quail Pointe Drive, Suite A</street1>
                <city>Oklahoma City</city>
                <stateOrCountry>OK</stateOrCountry>
                <zipCode>73134</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Private Equity Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <revenueRange>$1 - $1,000,000</revenueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2009-08-18</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>100000</minimumInvestmentAccepted>
        <salesCompensationList>
            <recipient>
                <recipientName>Oak Hills Securities, Inc.</recipientName>
                <recipientCRDNumber>145579</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>13905 Quail Pointe Dr.</street1>
                    <street2>Suite A</street2>
                    <city>Oklahoma City</city>
                    <stateOrCountry>OK</stateOrCountry>
                    <zipCode>73134</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>OK</state>
                </statesOfSolicitationList>
            </recipient>
            <recipient>
                <recipientName>Ross Sinclaire, LLC</recipientName>
                <recipientCRDNumber>25440</recipientCRDNumber>
                <associatedBDName>None</associatedBDName>
                <associatedBDCRDNumber>None</associatedBDCRDNumber>
                <recipientAddress>
                    <street1>700 Walnut Street</street1>
                    <street2>Suite 600</street2>
                    <city>Cincinnati</city>
                    <stateOrCountry>OH</stateOrCountry>
                    <zipCode>45202</zipCode>
                </recipientAddress>
                <statesOfSolicitationList>
                    <state>MN</state>
                </statesOfSolicitationList>
            </recipient>
        </salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>5000000</totalOfferingAmount>
            <totalAmountSold>1000000</totalAmountSold>
            <totalRemaining>4000000</totalRemaining>
            <clarificationOfResponse>Most of the proceeds will be invested in Oak Hills CAPCO, LLC (&quot;CapCo&quot;) who will invest the proceeds in one or more series of Native Warehousing, LLC (each a &quot;Portfolio Company&quot;).  The Fund may also invest directly in the Portfolio Companies.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>2</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>300000</dollarAmount>
                <isEstimate>true</isEstimate>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse>Oak Hills Securities, Inc. will receive a 6% dealer manager sales commission (paid by the Fund, the CapCo and/or one or more Portfolio Company) and it may reallow all or a portion of its commission to broker dealers who assist it in this offering.</clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>112500</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>Sequoia Management Company, LLC, owned by Dillingham, will receive a 2.25% management fee paid by the Fund, the CapCo &amp;/or the Portfolio Companies.  Sequoia will pay Avondale Investments, LLC (related) an advisory fee equal to 75% of the management fee.</clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>OAK HILLS PRIVATE EQUITY FUND LLC f/k/a OAK HILLS 2007 PRIVATE EQUITY FUND LLC</issuerName>
                <signatureName>Donald L. Dillingham</signatureName>
                <nameOfSigner>Sequoia Management Company, LLC, Manager</nameOfSigner>
                <signatureTitle>by Donald L. Dillingham, its manager</signatureTitle>
                <signatureDate>2009-11-16</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----