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Oaktree Capital's funds face a massive redemption wave in the first quarter
Investing.com – According to regulatory documents submitted on Friday, Oaktree Capital Management experienced a wave of redemptions in the first quarter from one of its private credit funds.
Investors in the Oaktree Strategic Credit Fund requested to redeem approximately 13.9 million shares, representing 6.8% of the fund’s outstanding shares.
To address the redemption requests, Oaktree Capital increased its tender offer percentage from the previous 5% to 7% to meet all redemption demands.
The increase in redemptions comes at a time when the private credit industry is under stricter scrutiny. In recent months, the industry has frequently made negative news headlines, with its size growing to approximately $2 trillion.
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