(Bloomberg) -- Oaktree Capital Group LLC continues to look for opportunities in China’s loan market, said Co-Chairman Howard Marks, even as global investors ...
-- Oaktree Capital Group LLC continues to look for opportunities in China’s loan market, said Co-Chairman Howard Marks, even as global investors remain concerned about the country’s investability.Trump's Wealth Has Jumped $500 Million Since He Left the White HouseMalaysia Renews Hamas Support, Defying Threat of US Sanctions
“We are certainly willing to continue to apply those criteria in China,” Marks said, adding Oaktree doesn’t rule out making more loans in the country’s beleaguered real estate space. “If we can make a loan which is secured by attractive property and we feel that the value of the collateral gives us adequate margin of safety, then we are open to doing it.”
Most of Oaktree’s China investments consist of loans from its distressed debt strategy, known as Global Opportunities, which oversaw $45 billion globally at the end of September. In recent years, such exposure to China has averaged a little more than 5% of the assets of the strategy, said Marks. Oaktree relocated Pedro Urquidi, who heads the Global Opportunities strategy’s investments outside of North America, to Hong Kong in 2019.
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