Oaktree Capital Management has moved to reassure clients that its exposure to software companies and direct lending strategies remains relatively limited, as parts of the private credit market come under increased scrutiny, according to a report by Bloomberg.
In a note to investors, co-founder Howard Marks said the firm’s exposure to software-related credit is “extremely small” both in absolute terms and compared with industry peers. He added that Oaktree has maintained a high underwriting bar f...
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