Remove 2007 Remove Collateral Remove Leveraged Buyouts
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Transcript: Armen Panossian

The Big Picture

You’ve probably heard some aspects of this from the various interviews I’ve done with Howard Marks talking about the distressed asset fund they set up in 2007. You joined in 2007. But, but fast forward to June of 2007, you know, oaktree in the distressed debt landscape is, is really, you know, second to none.

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Transcript: Gretchen Morgenson

The Big Picture

MORGENSON: It can be collateralized loan obligations, now it’s big private debt. In 2007, firms extracted — the private equity firms extracted $20 billion from companies in the form of dividend recapitalizations. But so you had these dividend recaps. So, let’s talk about a little bit of pushback.