Oaktree Capital Management, the US-headquartered alternatives firm, wants to bolster its private credit assets in Europe, as competition intensifies in a booming segment of the market.

Los Angeles-based Oaktree, which was founded in 1995 by Howard Marks and Bruce Karsh, manages assets of more than $190bn globally. Around $36bn of this is across private credit, up from approximately $11bn at the end of June 2021.