-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Qa2EAJTHrW48p7L3+29K4RcUcKJNukFh2l+RiaYptU1mXmxj+xULZhmen/p2NWD3
 ZeP7zAA2zLbMDd0WZ/AqVw==

<SEC-DOCUMENT>0001424935-09-000005.txt : 20090427
<SEC-HEADER>0001424935-09-000005.hdr.sgml : 20090427
<ACCEPTANCE-DATETIME>20090427113839
ACCESSION NUMBER:		0001424935-09-000005
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
FILED AS OF DATE:		20090427
DATE AS OF CHANGE:		20090427
EFFECTIVENESS DATE:		20090427

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:		09771624

	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>X0301</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 A</street2>
            <city>OKLAHOMA CITY</city>
            <stateOrCountry>OK</stateOrCountry>
            <zipCode>73134</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>405-286-9759</issuerPhoneNumber>
        <issuerPreviousNameList>
            <previousName>OAK HILLS PRIVATE EQUITY FUND LLC</previousName>
            <previousName>OAK HILLS 2007 PRIVATE EQUITY FUND LLC</previousName>
        </issuerPreviousNameList>
        <jurisdictionOfInc>OK</jurisdictionOfInc>
        <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>
                <street2></street2>
                <city>Oklahoma City</city>
                <stateOrCountry>OK</stateOrCountry>
                <zipCode>73134</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
                <relationship>Director</relationship>
                <relationship>Promoter</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Mr. Dillingham is the manager of Sequoia Management Company, LLC, the manager of the Issuer.</relationshipClarification>
        </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>2009-04-10</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>false</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isEquityType>true</isEquityType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>300000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>300000</totalOfferingAmount>
            <totalAmountSold>300000</totalAmountSold>
            <totalRemaining>0</totalRemaining>
            <clarificationOfResponse></clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>1</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
                <isEstimate>true</isEstimate>
            </grossProceedsUsed>
            <clarificationOfResponse>100% of the proceeds will be invested in Oak Hills CAPCO, LLC (the &quot;Capital Company&quot;), a related entity, in exchange for preferred equity in the Capital Company.  The Capital Company will then invest 100% of the proceeds in Ultimate Equipment Co., LLC.</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>2009-04-24</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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