Howard Marks, co-founder and chairman of Oaktree Capital, the world's largest distressed debt investor, said on Thursday he expects to raise more funds from Chinese high net worth investors to buy distressed debt overseas.
Speaking at the AVCJ Private Equity & Venture Forum 2015 in Hong Kong, Marks said Oaktree was looking at opportunities in the global energy sector, which he said was the most "stressed" in the world today due to the plunge in oil prices.
"We're willing to invest in oil, oil services, other extractive commodities, allowing for the uncertainty in prices and hopefully staying senior in the capital structure. It's where the opportunity is today," he added.
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Speaking at the AVCJ Private Equity & Venture Forum 2015 in Hong Kong, Marks said Oaktree was looking at opportunities in the global energy sector, which he said was the most "stressed" in the world today due to the plunge in oil prices.
"We're willing to invest in oil, oil services, other extractive commodities, allowing for the uncertainty in prices and hopefully staying senior in the capital structure. It's where the opportunity is today," he added.
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