Oaktree Capital Management"s co-chairman Howard Marks is seeking investment opportunities in China, despite widespread investor reluctance. He believes that assets deemed "uninvestable" present a chance for bargains, stating that such sentiments are encouraging for his investment strategy.
Howard Marks, co-chairman of Oaktree Capital, expressed cautious optimism about China"s economy, highlighting the country"s growth target of around 5% for 2024 as a significant challenge. Despite the modest target compared to historical rates, Marks noted it remains above average globally, emphasizing the difficulties posed by sluggish consumer spending, a struggling property market, and an aging population. He acknowledged recent stimulus measures but warned that sustained economic growth cannot rely solely on such interventions.
Bain Capital-backed 360 One WAM is launching its fifth private credit fund as India's private credit market approaches $10 billion, driven by a surge in infrastructure funding. The firm’s private credit assets are nearing $1 billion following the closure of its fourth fund at Rs 2,130 crore last year. Mid-sized enterprises are increasingly turning to private credit for flexible financing solutions amid challenging economic conditions.
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