Race Communications, a leading Fiber-to-the-Home (FTTH) provider in California, announced that it has secured more than $500 million in additional capital to accelerate the expansion of its fiber network across the state. This capital raise includes $375 million in equity from Oak Hill Capital, the existing majority investor, and its limited partners. The funding also features incremental debt financing from existing lender AB Private Credit Investors, who will also be participating in the equity round.