Oaktree’s path puts private credit choices into relief
Market stress to test whether it is right not to pursue scale as aggressively and broadly as some peers
Market stress to test whether it is right not to pursue scale as aggressively and broadly as some peers

The Oaktree chair on Fomo, private credit, and the challenge of remaining prudent

The sector remains untested in a severe or prolonged economic downturn

Recent ructions highlight the case for better scrutiny of the asset class

Firms like Apollo find it hard to shake narratives formed by legacy private equity and distressed debt operations

More frequent asset valuations can boost market resilience and investor confidence

But it relies on a host of rosy assumptions going in investors’ favour