Oaktree Planning New Distressed Fund to Catch Bad Debt Surge
- Marks says in client note preparations for next fund underway
- High-yield debt, loans, CLOs offer better buying opportunities
This article is for subscribers only.
Oaktree Capital Management LLC is planning a new distressed debt fund as recent credit market turmoil throws up investment opportunities.
“High-yield bonds, loans and CLO tranches, for example, offer markedly better opportunities than they did in the very recent past,” co-founder Howard Marks said in a March 16 client note titled ‘A Different World’.