India May Soon Be a Growth Engine for Oaktree Capital
- Oaktree is looking to form local partners in India: CEO
- Firm currently invests small amount in India, looking to grow
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Oaktree Capital Group LLC, one of the world’s largest distressed debt investors, is eyeing India as a key market as the nation overhauls its bankruptcy rules and banks battle with a historic bad debt clean-up.
“I wouldn’t be surprised to see India as another engine of growth maybe in the next three to five years,” said Jay Wintrob, chief executive officer at the Los Angeles-based firm, in an interview in Hong Kong. “We are spending a lot of time in India, getting up to speed.”