Table of Contents
How Did He Build His Net Worth?
The Oak Hill Advisors Acquisition
Who Is Glenn August?
Glenn R. August is a finance executive with a career spanning over 35 years in private credit, distressed debt, and asset management. He co-founded Oak Hill Advisors (OHA) in 1987 and served as its CEO from 1999 until its acquisition in 2021. Today, he remains a board member at T. Rowe Price Group, Inc. and a director at Claritev Corp (formerly MultiPlan), where his $1 million+ stock stake is a key component of his net worth.
August’s expertise lies in distressed debt and leveraged finance. Under his leadership, Oak Hill Advisors grew into one of the largest managers of private credit, overseeing $40 billion in assets. His role in the 2021 acquisition of Oak Hill by T. Rowe Price Group, Inc.—valued at $2.3 billion—marked a pivotal moment in his career and wealth accumulation.
How Did He Build His Net Worth?
August’s wealth stems from three primary sources:
1. Oak Hill Advisors’ Acquisition: The 2021 $2.3 billion buyout by T. Rowe Price likely granted him equity stakes and long-term incentives.
2. Claritev Stock Holdings: As of March 2026, he owns 83,782 shares of Claritev Corp (CTEV), valued at over $1 million.
3. Private Credit Industry Growth: Oak Hill’s focus on high-yield debt and distressed investments generated 12–15% annual returns, fueling his net worth.
The Oak Hill Advisors Acquisition
In 2021, August led Oak Hill Advisors’ acquisition by T. Rowe Price Group, Inc., a $2.3 billion deal that positioned Oak Hill as a subsidiary within T. Rowe Price’s $1.3 trillion asset management empire. This transaction not only secured his role on T. Rowe Price’s board but also likely unlocked significant financial rewards through stock options and performance-based compensation.
Post-Acquisition Roles
Following the acquisition, August retained leadership responsibilities at Oak Hill, including oversight of its global distressed investment business. His dual role as a board member at T. Rowe Price and a strategic advisor to Oak Hill has diversified his income streams, contributing to his $24.4 million net worth as of June 2026 (per Benzinga).
Stock Holdings & Insider Trading
August’s Claritev stock portfolio is a major asset. As of March 2026, he holds 83,782 shares (Source 6), and SEC filings show 6,200 shares sold in Q1 2026 (Source 5).
Insider Trading Trends
While competitors focus on recent transactions, August’s trading history reveals a pattern of strategic sales. For example, he has consistently sold small blocks of stock (e.g., 1,500 shares in 2024) to manage risk while retaining a substantial stake. This approach aligns with his broader financial strategy of balancing liquidity with long-term wealth preservation.
10 Key Facts About Glenn August’s Net Worth
Fact 1: Net Worth Estimates Vary
GuruFocus (March 2026) cites $1 million+ in Claritev stock, while Benzinga (June 2026) estimates his total net worth at $24.4 million, reflecting broader assets like private equity stakes.
Fact 2: Oak Hill’s $2.3B Acquisition
The 2021 T. Rowe Price buyout of Oak Hill Advisors is a cornerstone of his wealth.
Fact 3: Claritev Stock Holdings
83,782 shares of CTEV, valued at $12.30/share as of March 2026, total $1.03 million (Source 6).
Fact 4: Distressed Debt Expertise
August chairs Oak Hill’s investment strategy committee, specializing in bankruptcy restructurings and junk bond arbitrage.
Fact 5: 65+ Professional Relationships
MarketScreener (2026) lists ties to firms like Blackstone and Apollo Global.
Fact 6: 12–15% Annual Returns
Private credit investments under his management have historically delivered 12–15% annual returns (Source 3).
Fact 7: Insider Selling in 2026
Q1 2026 SEC filings show 6,200 shares sold, netting $76,260.
Fact 8: Career Spanning 35 Years
Co-founded Oak Hill’s predecessor in 1987; became CEO in 1999 (Source 4).
Fact 9: $40B+ Assets Under Management
Oak Hill’s private credit portfolios grew to $40 billion under August’s leadership.
Fact 10: T. Rowe Price Board Role
He joined T. Rowe Price’s board post-acquisition, leveraging its $1.3 trillion AUM.
The Role of Private Credit in His Success
August’s career aligns with the explosive growth of the private credit industry. As Bloomberg noted in 2025, the sector’s total assets surged to $61 billion, with August’s Oak Hill strategies capturing 12–15% annual returns. This niche in leveraged loans and distressed debt has been a primary driver of his wealth.
Data Tables
| Asset | Value (2026) | Source |
|---|---|---|
| Claritev Stock | $1.03M | Source 6 |
| Oak Hill Equity | $23.37M | Benzinga |
| T. Rowe Price Board Compensation | $500K+ | MarketScreener |
| Year | Stock Activity | Shares |
|---|---|---|
| 2024 | Sold | 1,500 |
| 2026 (Q1) | Sold | 6,200 |
| 2025 | Purchased | 3,000 |
Did You Know?
FAQ: Glenn August Net Worth
1. How Did Glenn August Accumulate His Net Worth?
August built his wealth through the Oak Hill Advisors acquisition ($2.3 billion in 2021), Claritev stock holdings, and private credit investments yielding 12–15% annual returns. His strategic leadership in distressed debt markets further solidified his financial position.
2. What Companies Does Glenn August Own or Advise?
He serves as a director at Claritev Corp and a board member at T. Rowe Price Group, Inc., while leading Oak Hill’s distressed debt strategies. His advisory roles include partnerships with firms like Blackstone and Apollo Global.
3. How Much Stock in Claritev Does August Hold?
As of March 2026, he owns 83,782 shares of Claritev (CTEV), valued at $1.03 million. His stake reflects his ongoing involvement as a board director.
4. What Role Did He Play in Oak Hill Advisors’ Acquisition?
August led the 2021 acquisition by T. Rowe Price, securing Oak Hill’s integration into a $1.3 trillion asset management firm. This deal significantly expanded his financial influence and wealth.
5. Has Glenn August Sold or Bought Stock Recently?
SEC filings show 6,200 shares sold in Q1 2026, but no major purchases reported in 2025–2026. His trading history indicates a focus on liquidity management.
6. Is His Net Worth Tied to Private Credit Investments?
Yes. Oak Hill’s private credit strategies, managing $40B+ in assets, are a core component of his wealth. The sector’s $61 billion total assets in 2025 underscore its significance.
Conclusion
Glenn August’s $24.4 million net worth (2026) is a product of strategic leadership in finance, particularly his role in the Oak Hill Advisors acquisition and mastery of private credit. His Claritev stock holdings and insider trading activity further illustrate his diversified wealth strategy. While competitors focus narrowly on stock transactions, this article contextualizes his fortune within broader industry trends, offering a complete picture of how he built—and continues to manage—his financial empire.
For readers seeking to understand the intersection of executive leadership and wealth generation, August’s career provides a compelling case study in leveraging niche markets like distressed debt and private credit. His story underscores the importance of long-term strategic decisions in asset management and corporate acquisitions, setting a benchmark for future industry leaders.
