Oak Hill Bets on Private Credit Rebound With Retail Fund Launch

Oak Hill Advisors is courting retail investors who have grown increasingly skeptical of the $1.8 trillion private credit market with the launch of a new fund that will deploy capital across public and private debt.

Undeterred by a wave of redemptions that has forced asset managers to take unprecedented steps to assuage clients, Chief Executive Officer Glenn August says the firm is ready to capitalize on dislocations across credit markets.

Glenn August

Photographer: Lauren Justice/Bloomberg

“Our redemptions have been quite manageable and we’re very comfortable with portfolio liquidity,” August said in an interview. “We’re not sitting here today and deploying all of our dry ...