Insightful Investor #14 – Glenn August: Oak Hill Advisors, Private Credit
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Apr 2, 2024 In an engaging conversation with Glenn August, the Founder and CEO of $63B Oak Hill Advisors, he shares valuable insights from his extensive career in finance. Glenn reflects on the importance of personal values and ownership in investment, alongside his experiences transitioning from risk arbitrage to private credit. He emphasizes the value of collaboration and hiring for shared values, while discussing the evolution and significance of private credit in today’s market. His stories reveal the blend of hard work, opportunity, and strategic thinking that drives success.
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The Premiums Paid Exhibit
- Glenn August's first task at Morgan Stanley was finding competitive bidders for a Coke bottler acquisition.
- He located the "premiums paid" exhibit but hadn't analyzed its contents, learning a valuable lesson about ownership.
If You Touch It, You Own It
- Take ownership of any task you're given.
- Thoroughly understand the information you handle, asking questions and challenging yourself to learn more.
The E-Systems Meeting
- On his first business trip, Glenn August prepared an elaborate presentation on acquisition targets for E-Systems.
- The CFO's skeptical opening remark highlighted the importance of understanding client needs over pushing your own agenda.