AI’s potential may be underestimated despite investing concerns – Howard Marks
AI’s potential is likely underestimated, but worries about job losses and an AI investment bubble persist, said Oaktree co-founder Howard Marks in a new memo

NYS system commits USD 500m as Illinois plans private credit RFP
NYSCRF allocates USD 500m to BlackRock, Ares and Pearl Diver; Boston, San Joaquin pensions also reveal recent commitments; Illinois police pension plans private credit search in June

Oaktree expands UCITS offerings for EMEA, APAC, and LATAM investors
The Oaktree Global Credit Select Fund is intended to address demand across the regions for regulated, daily-liquidity investment offerings

Oaktree collaborates with parent Brookfield on ABF product for US individuals
The new product launched with USD 400m in committed capital and will give wealthy US individual investors access to Oaktree’s asset-backed finance expertise

Former Permira and ICG execs join Oaktree’s expanding European private debt team
Permira’s ex-CEO James Greenwood has been named senior advisor, while former ICG managing director Kieran Thind is now senior vice president in Oaktree's European private debt team

Oaktree Capital’s Robert O’Leary on threats, opportunities in global credit
Credit secondaries set for continued growth as financial sponsors seek liquidity solutions; high-yield bonds seen as defensible, while opportunistic strategies may benefit from distress

Oaktree raises USD 2.35bn for insurer-friendly evergreen direct lending fund
The fund, designed for institutional investors, will follow a senior direct lending strategy and focus on the middle market

Apollo, Oaktree and Searchlight among funds sitting on USS debt as company doesn’t make payment
EXCLUSIVE from Debtwire: Forbearance agreement reached between USS and creditors, as USS struggles financially despite recent LME efforts

Oaktree hires former BlackRock MD for private debt sourcing
The former BlackRock managing director joins to source private debt deals in North America

Brookfield raises USD 16bn for credit, plans asset-based finance strategy
The firm is also planning to hold a first close for its infrastructure mezzanine debt fund

17Capital raises USD 5.5bn for NAV lending to private funds
The alternative credit firm claims its 17Capital Strategic Lending Fund 6 is the largest NAV lending fund seen in the market to date

Investors still pivoting to fixed income – Oaktree’s Wayne Dahl
Both large individual and institutional investors are continuing to rotate their portfolios into fixed income, says the co-portfolio manager of global credit and global credit investment grade strategies at Oaktree Capital Management, on the latest edition of the ‘Credit Exchange’ podcast with Lisa Lee

Private credit managers consider smaller fund targets
ANALYSIS: Some private credit managers are considering a smaller fundraise, bucking the convention of always aiming for bigger funds 

Oaktree lowered its distressed debt fundraise to USD 16bn
The market and investment environment for distressed debt shifted, and investors asked whether the original target was too big.

Oaktree Closes on USD 16bn for distressed debt strategy
Oaktree Opportunities Fund XII just edges out its predecessor fund, which closed in 2021 with USD 15.9bn in commitments  

Oaktree expands asset-based finance team with hires from Atalaya and Goldman
Oaktree Capital Management has increased staff for its asset-backed finance group

Connecticut pension allocates USD 300m to Oaktree’s distressed credit fundraising
Connecticut pension system commits to Oaktree latest flagship distressed credit fund

Lloyds Bank joins forces with Oaktree for European direct lending platform
Lloyds Bank and Oaktree Capital Management have formed a new multi-year European direct lending facility

Oaktree picks Morgan Stanley managing director for credit team
Oaktree Capital Management has hired Morgan Stanley's Loris Nazarian as managing director and assistant portfolio manager

Oaktree raises roughly USD 3bn for third special situations fund
Oaktree upsizes third fund that primarily invests in stressed or distressed US middle-market companies

US loan market rallies despite increasing stress and default rates
Casual observers of the US broadly syndicated loan market may be forgiven for feeling a little confused at the moment. Despite rising default rates and growing stress, loan prices continue to rally, and the primary pipeline is busy.

Oaktree partners with Spire Capital for new special situations fund

Spire Oaktree Special Opportunities Fund will target Australian wholesale investors

June loan rally signals asset class could see outsized returns as rates stay high
Leveraged loans enjoyed their second-best month of the year in June, with the asset class returning over 2% on the month as Creditflux goes to press. Loans have generated a return of 5.8% year-to-date, with only January’s 2.9% topping the numbers for June.

Oaktree promotes head of performing credit
Oaktree shuffles its C-suite, announcing major changes for 2024's first quarter. 

Oaktree closes life science fund with highest amount ever raised in the space
Oaktree Capital Management has raised more than $2.3 billion for its Life Sciences Lending Fund, the largest amount the firm has ever raised in the life sciences space.