Oaktree optimistic about distressed debt

The asset manager ended Q1 with ‘near record’ of $21.8bn in dry powder. 

Oaktree Capital Management’s distressed debt investments distributed the lion’s share of the firm’s realisations the first quarter, executives said on Thursday’s earnings call.

The firm showed a total of $2.6 billion in distribution earnings across its close-ended funds, earnings results show. Distressed debt accounted for two-thirds, or roughly $1.73

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