Apr. 10 at 8:22 PM
$OCSL a few takeaways from this piece:
1) Unlike Blue Owl and other competitors, Oaktree has not capped redemptions on its private credit fund - giving more confidence in the fund
2) the 8.5% withdrawal is on the middle-lower end of the spectrum of private credit withdrawals
3) its honored all of these redemptions in full immediately
4) the company has
$1.8 billion in dry powder available - more than the entire book value of the lending fund.
Seems well positioned to handle what is an ebb in the credit cycle.
One thing to note is that Oaktree is only down 6% this year (2% if you factor in the dividend). Compare that to Blackstone down 27%, KKR down 31% or MAIN down 12%.
https://www.reuters.com/business/oaktree-private-credit-fund-hit-by-surge-redemptions-2026-03-27/
