Oaktree eyes Asia distressed, property
But the $93 billion alternatives manager would have to 'retool' to make a big play in private equity in the region, said chairman Howard Marks.
US alternatives manager Oaktree Capital is focused on boosting its exposure to distressed debt and property in Asia, but is not set up for substantial investment in private equity in the region, said chairman Howard Marks.
Ample bank financing means there are few opportunities in distressed debt, though that is likely to change given Asia's fast-growing corporate debt market, he noted yesterday during a visit to Hong Kong. That means there will be plenty of distressed debt in toug…
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