Oaktree Capital Management

also referred to as: oak tree · oaktree · oaktree capital

11 statements across 6 episodes · 4 bullish · 2 bearish · 7 people on the record · first statement Jul 2, 2018 by Peter Troob · said 43 times in 9 episodes since 2018 · across every show →

Mentions by year

brought up most by Howard Marks (16), Ted Seides (9), Sarah Samuels (6), Marc Lasry (4), Max Frumes (3), Ron Biscardi (1), Peter Troob (1), Kieran Goodwin (1)

tap a year for its mentions
00101202201820192020202120222023202420252026episodesmentions
012201820192020202120222023202420252026episodes it came up in
00101202201820192020202120222023202420252026episodesmentions per episode
2026 1 mention in 1 episode
2025 18 mentions in 1 episode
2024 7 mentions in 2 episodes 4 per episode
2023 4 mentions in 1 episode
2022 1 mention in 1 episode
2021 10 mentions in 1 episode
2019 1 mention in 1 episode
2018 1 mention in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Oaktree Capital Management, oldest first

Jul 2, 2018 neutral
Opinion
Apollo, KKR, and Oaktree Lack Meaningful Differentiation in Distressed Debt
“Is Apollo and KKR and Oak Tree, what's the difference? And the answer is, there's not a lot of a difference.”
Peter Troob Jul 2, 2018 ▶ 25:00 Peter Troob – Monkey Business in High Yield (Capital Allocators, EP.59)
Aug 16, 2021
Assertion Supported
Apollo aligned with Elliott and GSO to pressure junior creditors
“They go into bankruptcy with this deal with Elliott. They very quickly get a deal with the GSO group, and that is supposed to create all kinds of pressure on the most junior debt holder, which is the Oak Tree Appaloosa second lead bondholders.”
Sujit Indap Aug 16, 2021 ▶ 33:17 Max Frumes and Sujeet Indap –Inside the Sausage Factory of the Caesar's Restructuring (Capital Allocators, EP.209)
Aug 16, 2021 positive
Assertion Supported
Caesars creditors achieved above-par recoveries across debt tranches in restructuring
“You're talking about there was a 66 cent settlement for the second liens, but that came with equity options that ultimately took that above par. For the first liens, they were paid out at par plus these convertible preferred that brought that well above par. T…”
Max Frumes Aug 16, 2021 ▶ 42:32 Max Frumes and Sujeet Indap –Inside the Sausage Factory of the Caesar's Restructuring (Capital Allocators, EP.209)
Aug 16, 2021
Assertion Supported
Oaktree held a major position in Caesars second-lien bonds by 2014
“Oak tree was probably the main example of a large fund with multiple investments in Caesars from the very beginning. And by 2014, one of their largest position was in the second lien bonds.”
Max Frumes Aug 16, 2021 ▶ 22:47 Max Frumes and Sujeet Indap –Inside the Sausage Factory of the Caesar's Restructuring (Capital Allocators, EP.209)
Jul 25, 2022 positive
Assertion Not checkable as stated
Friedman: Oaktree Outpaced Early Canyon by Targeting Institutional Asset Allocation Boxes
“I remember when our good friends, Bruce Karsh and Howard Marks left Trust Company in the West to start Oak Tree and almost instantly had more capital than we did, or at least as much, and we had started a few years earlier, and part of it was that they underst…”
Josh Friedman Jul 25, 2022 ▶ 19:34 Josh Friedman – Master Class in Credit Investing at Canyon (Capital Allocators, EP.263)
May 15, 2023 neutral
Assertion Not checkable as stated
Lasry: Mega-firms like Ares and Oaktree now rely on bank leverage
“What you're finding is the larger firms, whether it's Aries, Oaktree, will go out and end up doing these bilateral deals, and they'll end up using the leverage from a bank To generate the return. So I think, I would tell you, 10 years ago, people didn't really…”
Marc Lasry May 15, 2023 ▶ 41:00 Marc Lasry – Avenues of Opportunity (Capital Allocators, EP.315)
Aug 12, 2024 positive
Assertion Partly supported
Samuels: Oaktree floated 6% in its IPO and founders cut equity sub-15%
“They thoughtfully saw the need to begin transitioning ownership, and they had a number of liquidity events, including selling a percentage to clients and then to institutional investors via private placement, and then ultimately via an IPO, and they floated si…”
Sarah Samuels Aug 12, 2024 ▶ 25:28 Succession - Sarah Samuels on Generational Transitions (EP.400)
Apr 7, 2025 neutral
Disclosure
Howard Marks: Oaktree records remedial debt exchanges as defaults
“When we do what Sheldon Stone called a remedial exchange, we mark that down as a default.”
Howard Marks Apr 7, 2025 ▶ 31:54 Howard Marks – Navigating Private Credit (EP.439)
Apr 7, 2025 negative
Insight
Marks: Lower Underwriting Standards Allow Competitors to Outbid Disciplined Investors
“That still presents a big problem because if you want to apply high standards and somebody else has lower standards, then they can bid more for a given deal.”
Howard Marks Apr 7, 2025 ▶ 21:14 Howard Marks – Navigating Private Credit (EP.439)
Apr 7, 2025 negative
Insight
Marks: Public markets grade companies daily without understanding them
“We were semi-public from O seven to 12, and then public from 12 to 19, and people would say, how is that? I'd say, well, it's fine, except that every day you get a report card from somebody who doesn't know your business that well, called the market.”
Howard Marks Apr 7, 2025 ▶ 46:01 Howard Marks – Navigating Private Credit (EP.439)
Apr 7, 2025 positive
Insight
Marks: In fixed income, avoiding losers makes winners take care of themselves
“If we avoid the losers, the winners take care of themselves. That's our official motto. And that's the right way to think about fixed income.”
Howard Marks Apr 7, 2025 ▶ 23:51 Howard Marks – Navigating Private Credit (EP.439)
Made with StarZero

Turn any episode into a week of clips.

This entire site, over 700 episodes transcribed, diarized, checked and made playable, runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the moments worth sharing, cuts them, captions them, and reframes them for every feed.