Milwood Hobbs, the Managing Director and Head of Sourcing & Origination at Oaktree, recently discussed the complexities of credit investing. Unlike public-market equity, private credit poses unique challenges due to limited liquidity and opaque pricing.

The key to success lies in effectively sourcing deals, which often requires personal connections and proactive outreach. Hobbs, who previously worked at Goldman Sachs in leveraged finance origination and sales, explained his role in identifying and evaluating credit opportunities. He emphasized the importance of building relationships to receive deal offers and the analytical skills needed to assess potential investments.

Hobbs' experience underscores the delicate balance between market dynamics and personal networking in the credit investment landscape.