Andrew Hedlund
The firm’s publicly traded and private BDCs will get new co-presidents as the current one leaves but will remain president of the BDCs’ advisor.
Investors from Korea are yet to make the Global Investor 30 but it could only be a matter of time judging by the growing appetite for private debt.
Real estate debt looks well positioned compared with corporate debt, maintains Justin Guichard of Oaktree Capital in this interview shot at PDI's New York Forum.
The vehicle will have an initial two-year lock-up and so far has made investments in financial assets and residential and commercial mortgages.
The firm returned a gross of almost 9% on performing credit in the previous 12 months, but posted a loss of more than 9% in distressed debt over the same timeframe.
Henriquez’s wife was also allegedly involved in the scandal and pleaded guilty. Both are set to be sentenced early next year.
The firm has raised $2.2bn to back businesses that have grown beyond the purview of venture lending.
The Massachusetts pension fund is making an unstated commitment to a diversified property-type fund and a $60m private debt commitment to a European direct lending, niche lending or distressed debt fund.
The vehicle, which is expected to be on the road slightly more than six months, offers a tiered fee structure allowing LPs that commit by year end to get the lowest charges.
Complacency may have crept into the private debt market. An inevitable change in circumstances will put firms to the test, says Oaktree co-chairman Howard Marks in this video.