Oaktree hunting China distress, Asia JVs
The alternative investment firm's co-chairman is tipping more distressed opportunities in China off the back of an expected rise in defaults. It has also been raising money from mainland investors.
Oaktree Capital’s co-chairman, Howard Marks, sees more opportunities for distressed debt investors today than a year ago and has a close eye on assets in China. He also wants to raise more money through the mainland’s qualified domestic limited partner (QDLP) scheme and would like to agree more tie-ups in Asia generally.
“We’re beginning to get interested in distressed debt in China,” said Marks, but wants to see more clarity around how creditor rights will be resolved. “That will…
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