Market Uncertainty May Create Historic Private Credit Opportunity – Brookfield – 6.12.23

Overview:
Title: Market Uncertainty May Create Historic Private Credit Opportunity
Date: Monday, June 12, 2023
Time: 1:00 PM Eastern Daylight Time
Duration: 1 hour

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Summary:

Now On Demand

With high interest rates and a pull-back in traditional bank lending making loans more expensive and capital scarce, investors could be excused for being cautious about investing in assets such as private credit. However, there are reasons for optimism that the asset class could outperform, potentially producing superior risk-adjusted returns without adding undue risk to portfolios.

Join our webcast where Milwood Hobbs, Jr., Managing Director and Head of North American Sourcing & Origination at Oaktree Capital, shares his views on:

  • How bank failures and tightening lending standards may create an opportunity for private lenders.
  • The potential benefits of investing in private credit.
  • Why now may be the right time to allocate to private credit.

Speakers:
Milwood Hobbs, Jr. Milwood Hobbs, Jr. Managing Director and Head of North American Sourcing & Origination Oaktree Capital Management

Mr. Hobbs leads Oaktree’s North American Sourcing and Origination group, which focuses on private credit sourcing and deal origination for the firm’s U.S. Private Debt, Global Private Debt, Special Situations and Global Opportunities Strategies. He also serves on the investment committee for Oaktree’s Direct Lending platform. Prior to joining the firm in 2013, Mr. Hobbs was an Executive Director at Natixis Securities focused on building the High Yield Sales and Trading franchise. Prior thereto, he spent five years at Goldman Sachs as a Vice President in leveraged finance origination and sales. Before joining Goldman Sachs in 2007, Mr. Hobbs was a Director in Leveraged Finance at Deutsche Bank Securities, which he joined in 2000. Additional experience includes Regional Account Management focused on fleet financing at GE Capital Corporation and controller for Leveraged Finance at Bank of America. Mr. Hobbs received his M.B.A. from Columbia Business School and a B.S. degree in Accounting from Rutgers University.
Dan Courtney Dan Courtney Vice President and RIA Regional Director Brookfield Oaktree Wealth Solutions

Dan Courtney is a Vice President with Brookfield Oaktree Wealth Solutions, responsible for managing RIA client relationships in the Northeast region.

Mr. Courtney joined Brookfield in 2022 and has over 15 years of experience in various business development and relationship management roles at PIMCO, BlackRock, Legg Mason, and boutique alternative investment firms.

He holds a BBA degree in Finance and Marketing from the University of Miami. Mr. Courtney is a CAIA (Chartered Alternative Investment Analyst) charter holder and is a Certified Investment Management Analyst (CIMA).
IMPORTANT DISCLOSURES

This communication is for financial professionals only. Not for use with the retail public.

All investing involves risk. The value of an investment will fluctuate over time, and an investor may gain or lose money, or the entire investment. Past performance is no guarantee of future results. Alternative investments often are speculative and include a high degree of risk.

As an asset class, private credit is comprised of a large variety of different debt instruments. While each has its own risk and return profile, private credit assets generally have increased risk of default, due to their typical opportunistic focus on companies with limited funding options, in comparison to their public equivalents.

Because private credit usually involves lending to below investment grade or non-rated issuers, yield on private credit assets is increased in return for taking on increased risk.

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Brookfield Asset Management Inc. (“Brookfield”) completed a 62% acquisition of Oaktree Capital Group, LLC (“Oaktree”), on September 30, 2019. Each of Brookfield Oaktree Wealth Solutions LLC and Brookfield Public Securities Group LLC is a wholly owned subsidiary of Brookfield.

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