What's Going on in Private Credit?
Episode publishedPodcast: The Memo by Howard MarksThe Memo by Howard Marks
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This episode uses an AI reader. This is the memo by Howard Marks. What's going on in private credit? The general field called credit has seen massive innovation over the course of my career. Its popularity has increased steadily, and its scale and role in the world of finance have multiplied. The other day, an Oaktree colleague asked me about the developments that brought the credit sector to where it is today. I came up with the following list. Nineteen seventies, acceptance of noninvestment grade debt. Nineteen eighties, popularization of leveraged buyouts and increased corporate leverage. N
Legal Information and Disclosures. This memorandum expresses the views of the author as of the date indicated, and such views are subject to change without notice. Oaktree has no duty or obligation to update the information contained herein. Further, Oaktree makes no representation, and it should not be assumed that past investment performance is an indication of future results. Moreover, wherever there is the potential for profit, there is also the possibility of loss. This memorandum is being made available for educational purposes only and should not be used for any other purpose. The infor
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