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.
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