“Capitalism without bankruptcy is like Catholicism without hell”: Here are the distressed debt players ready for a feast

“The firewood had been stacked,” Oaktree Capital Management said in a recent presentation to investors. And the coronavirus pandemic was the igniter. Companies had been levering up and it was time to take advantage of the situation, Oaktree said in its presentation, which was viewed by Bloomberg. Oaktree, which is majority-owned by Brookfield Asset Management, is looking to raise $15 billion to start a new distressed-debt fund, the biggest of its kind. Oaktree, which Brookfield

source https://therealdeal.com/2020/04/20/capitalism-without-bankruptcy-is-like-catholicism-without-hell-here-are-the-distressed-debt-players-ready-for-a-feast/