Oaktree’s Marks encourages Oregon to consider private credit opportunities

The co-chair of Oaktree has suggested the $100bn system should chase private credit sub-strategies.

Although cautioning of an overcrowded debt market and meagre potential in direct lending, investment guru Howard Marks pitched Oregon Investment Council on asset-based lending and other private credit niches at a council meeting this week.

The Oregon Investment Council has only about 2.5 percent exposure to private credit in the $100 billion Oregon Public Employees Retirement Fund it manages.