Our credit strategies invest in both liquid and illiquid instruments, sourced directly from borrowers and via public markets. We focus primarily on rated and non-rated debt of sub-investment grade issuers in developed and emerging markets, and we invest in an array of high yield bonds, convertible securities, leveraged loans, structured credit instruments, distressed debt and private debt. While varied in investment objective and risk-return profile, each of our credit strategies is grounded in Oaktree’s unifying investment philosophy, placing primary emphasis on risk control and consistency. Distressed Debt High Yield Bonds Senior Loans Private/Alternative Credit Convertible Securities Multi-Strategy Credit Emerging Markets Debt