Oaktree Capital Management has marked down the value of its publicly listed private credit vehicle, underscoring growing investor focus on software exposure and artificial intelligence risk within direct lending portfolios, according to a report by Bloomberg.
Oaktree Specialty Lending Corp, a $2.8bn business development company (BDC), reduced the carrying value of its performing software loans by roughly 3%, contributing to an overall net asset value decline of nearly 4% for the period. The adju...
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