Latest / The High Net Worth Podcast with Fexingo: Wealth Management, Tax Strategy, and Affluent Finance
How Wealthy Families Use Oaktree's Distressed Debt Funds
In this episode of The High Net Worth Podcast, Lucas and Luna explore how ultra-wealthy families allocate capital to distressed debt through Oaktree Capital Management, the world's largest distressed securities manager. We anchor on Oaktree's 2025 distressed debt fund, which raised $18.9 billion — the largest closed-end fund in history. Lucas explains the mechanics: buying bonds of companies in bankruptcy at 40-60 cents on the dollar, restructuring them, and targeting 12-15% annual returns. Luna probes the risks — liquidity lockups, manager selection, and the 'vulture'…
The skinny
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