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STATE OF THE DEAL MARKET
SAID AND DONE
“It had to be a prestigious affiliation from a party willing to pay a fair price to obtain a non-controlling interest in Oaktree that would remain freestanding and autonomous”
Howard Marks, founder of Oaktree, comments on his firm’s deal with Brookfield in the May issue of PDI
NUMBER OF THE WEEK
The size of the US leveraged loan market according to a new white paper from Swiss private markets firm Partners Group. The market roughly doubled in size between 2008 and 2018, but there has been similar growth in the corporate bond markets.