On Tuesday, Oaktree Capital Management unveiled a USD 16bn credit fund, a record size for the distressed-debt firm, dedicated to "global opportunities." Last month, Starwood closed a record USD 10bn distressed fund that seeks "opportunistic real estate" investments. Blackstone Inc., the biggest alternative investor, downplayed the scale of potential distressed investing in its third-quarter 2020 earnings.
"We're going to try to make people 15 percent," Oaktree co-founder Howard Marks said of the new fund on Wednesday during a talk held by the Fixed Income Analysts Society.
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