Key Takeaways
- • Oaktree Capital Management told clients its credit exposure to software companies is "extremely small on an absolute basis and relative to peers," according to a note from co-founder Howard Marks.
- • The reassurance comes as global private credit funds pull back from areas showing heightened risk.
- • Oaktree also said its direct lending exposure is limited, per the Bloomberg report.
Summary
Oaktree Capital Management has assured clients that its exposure to software companies and direct lending remains limited, Bloomberg reported. The statements come as global private credit funds retreat from segments of the market showing heightened risk.
Co-founder Howard Marks wrote in a note on Thursday that Oaktree's credit exposure to software is "extremely small on an absolute basis and relative to peers." The note addresses investor concerns about the sector at a time when private credit managers are reassessing portfolio exposures.
The primary source is brief and does not provide specific dollar amounts, portfolio percentages, or additional detail on the direct lending book. Readers seeking quantified exposure figures should consult Oaktree's client communications or subsequent reporting.
Co-founder Howard Marks wrote in a note on Thursday that Oaktree's credit exposure to software is "extremely small on an absolute basis and relative to peers." The note addresses investor concerns about the sector at a time when private credit managers are reassessing portfolio exposures.
The primary source is brief and does not provide specific dollar amounts, portfolio percentages, or additional detail on the direct lending book. Readers seeking quantified exposure figures should consult Oaktree's client communications or subsequent reporting.
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