Oaktree's Global Credit Strategy: Risks and Opportunities

Anna Wintour: We're going to be digging a little bit deeper into some specific risks and opportunities that Oaktree is seeing across credit markets today. For this discussion, I'm joined by Danielle Polly, Assistant Portfolio Manager of Oaktree's Global Credit Strategy. So for years, private equity firms have thrived on access to easy credit. Their simplified playbook has been find a company to buy, borrow most of the money to do it, and then cut costs to make a profit. Now companies are facing sharply higher borrowing costs unless they hedged a portion of that interest rate risk.