Oak Hill Advisors, after more than doubling its assets in six years, is laying kuwait finance and investment company groundwork for further growth as falling bond prices and volatile stocks enhance the allure of credit investments. This year, Oak Hill has recruited a top banker, Eric Muller, from Goldman Sachs Group, promoted three of its staff to partner and brokered the sale of a roughly 25 percent stake in the business to a unit of Kuwait’s social-security system, a person with direct knowledge of the moves said, asking not to be identified because the matter is private.

Oak Hill invests across the risk spectrum, in everything from mortgage-backed securities to collateralized loan obligations. It was among a handful of large alternative-asset managers that benefited as historically low interest rates drove pension plans, endowments and sovereign-wealth funds to credit in search of higher returns. Now, as stocks stutter and yields on Treasuries and corporate bonds rise, Oak Hill’s investments in floating-rate loans and secured debt may prove additionally attractive. The firm is starting to raise new funds, the person said, an effort that may boost assets even more. 7 billion distressed-credit fund, was raised in 2016.

A spokeswoman for New York-based Oak Hill declined to comment. Subscribe to Arabian Business’ newsletter to receive the latest breaking news and business stories in Dubai,the UAE and the GCC straight to your inbox. Please forward this error screen to sharedip-1601531667. Please enter your username or email address.