Market
Memos From Howard Marks: What’s Going on in Private Credit?Credit
A global alternatives manager
specializing in credit
Preeminent credit expertise built over three decades
Oaktree has built a globally respected credit platform by offering strategies grounded in the firm’s unifying investment philosophy, which places a primary emphasis on risk control and consistency.
$161B
Assets under management
30
Years of credit investing
275
Investment professionals
AUM as of March 31, 2026 and personnel as of December 31, 2025.
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Oaktree
A pioneer in global credit
Value-driven, contrarian investing with a focus on managing risk
Oaktree offers a broad range of credit strategies. The firm’s expertise encompasses both liquid and illiquid instruments sourced directly from borrowers and via public markets. It focuses primarily on rated and non-rated debt of sub-investment grade, issuers in developed and emerging markets. Oaktree invests in an array of high-yield bonds, convertible securities, leveraged loans, structured credit instruments, distressed debt and private debt, among other investment areas.
Oaktree believes its bottom-up fundamental credit analysis and firm-wide expertise in investing over multiple market cycles gives it a competitive edge.
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The Oaktree advantage
Finding opportunities in today’s credit markets requires experience and expertise built over time.
Oaktree has a long history of delivering credit solutions. Learn more about its competitive advantages.
Three reasons to consider allocating to credit
Investing in credit strategies can offer investors these potential benefits:
01
Attractive income generation
02
Inflation protection
03
Lower volatility
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Investment success doesn’t come from buying good things, but rather from buying things well.
Howard Marks
Co-Founder, Co-Chairman, Oaktree Capital
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