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 prices its first US new issue of the year
The USD 405.58m BSL-backed CLO comes a month after the manager’s first European new issue of 2025 

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 reprices two US CLOs in two days
Oaktree priced a reset and refi at the end of last week as it kicked off its primary market issuance for 2025  

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

Oaktree resets US BSL CLO
A busy start to Thanksgiving week saw a number of deals price, including this reset from Oaktree of a 2021 cintage US BSL CLO

Oaktree reworks US CLO for second time in two years
The reset of Oaktree CLO 2022-2 is the second time it's been reworked since its pricing in June 2022, following a refinancing in December last year

Oaktree prints its third new US BSL CLO of 2024
Oaktree Capital Management, working with JP Morgan as the arranger, has priced a new US BSL CLO

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

2019 Oaktree US BSL CLO gets reset
After printing a European reset two weeks ago, Oaktree headed back to the market on Tuesday with a US reset this time

Oaktree makes it two new US CLOs this year
On Thursday Oaktree Capital Management printed its second new deal of the year – a US BSL CLO valued at USD 406m

Oaktree grows business with new US CLO
Sneaking in with one of January’s last pricing deals, Oaktree Capital Management priced its latest offering yesterday, in a USD 405m US BSL CLO arranged by Morgan Stanley

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.

CLO double Bs offer 700bp premium versus high yield bonds, says Oaktree
The yield premium offered by double B CLO paper compared to corporate high yield bonds with the same rating has exploded to 700 basis points, according to a new episode of Oaktree Capital Management's podcast series The Insight

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.

Oaktree places senior triple As at 190bp in latest CLO
Oaktree Capital Management priced a new CLO on Friday and became the third firm last week to place its senior triple A tranche at 190 basis points over SOFR

LP round up: HPS wins $550m mandate as Ares launches third US direct lending fund
US institutional investors allocated nearly $3 billion to credit funds in April. The news comes amid a BlackRock survey in the month which showed significant investor interest in private credit

Virginia pension discloses $800 million in credit allocations
Virginia Retirement System has disclosed $800 million in credit fund allocations made over the first quarter of this year

CLOs are our highest-conviction investment category, says Oaktree
Oaktree Capital Management has said that CLOs are the firm's 'highest-conviction investment category' in a credit market outlook study published on Thursday, despite the recent turbulence stemming from the collapse of Silicon Valley Bank

Oaktree targets $10 billion for LBO financing strategy
The launch of the firm's large-cap sponsor-backed private credit strategy follows banks retreating from the LBO space and a more compelling risk-adjusted return than other sectors in the market