Key Takeaways
- • Oak Hill Advisors has launched a retail-oriented fund that will deploy capital across both public and private debt, targeting investors wary of the private credit market.
- • The private credit market is cited by Bloomberg as roughly $1.8 trillion in size.
- • The launch comes amid a wave of redemptions that has pushed asset managers to take unprecedented steps to reassure clients.
- • CEO Glenn August says the firm is positioned to capitalize on dislocations across credit markets.
Summary
Oak Hill Advisors is seeking to attract retail investors with the launch of a new fund that will invest across public and private debt, according to Bloomberg. The move targets a segment of investors who have grown increasingly skeptical of the private credit market, which Bloomberg puts at $1.8 trillion.
The launch arrives against a backdrop of redemption pressure across the sector. Bloomberg reports that a wave of withdrawals has forced asset managers to take unprecedented steps to assuage clients. Oak Hill appears undeterred by these conditions.
Chief Executive Officer Glenn August said the firm is ready to capitalize on dislocations across credit markets. The fund's structure, which blends public and private debt, positions it to deploy capital across a broader opportunity set than a pure private credit vehicle. Further details on fund size, fee structure, and investment terms were not available in the source material reviewed.
The launch arrives against a backdrop of redemption pressure across the sector. Bloomberg reports that a wave of withdrawals has forced asset managers to take unprecedented steps to assuage clients. Oak Hill appears undeterred by these conditions.
Chief Executive Officer Glenn August said the firm is ready to capitalize on dislocations across credit markets. The fund's structure, which blends public and private debt, positions it to deploy capital across a broader opportunity set than a pure private credit vehicle. Further details on fund size, fee structure, and investment terms were not available in the source material reviewed.
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