As uncertainty continues to cloud equity markets, Oaktree Capital Management, L.P. (“Oaktree”), one of the world’s leading investment firms specializing in credit and alternative assets, believes that global credit markets are entering a favorable cycle — offering income and stability amid volatility.
At a recent exclusive discussion in Bangkok hosted by Kiatnakin Phatra Securities, Mr. Armen Panossian, Co-Chief Executive Officer and Head of Performing Credit at Oaktree, shared that credit assets are now better positioned than equities to deliver attractive risk-adjusted returns.
“Today’s yields in credit markets are higher than their long-term averages, while corporate balance sheets remain solid,” said Mr. Panossian. “We see compelling opportunities, especially in private credit and asset-backed finance, as traditional lenders continue to retreat.”
Mr. Panossian noted that with major equity indices trading at elevated valuations, investors looking for consistency and income may find greater value in quality credit. Default rates, he added, remain well below historical averages, supported by stronger balance sheets and disciplined lending standards.
The session drew participation from Thai investors and wealth managers seeking to navigate shifting market dynamics. Through its partnership with Oaktree, KKP continues to connect Thai investors with world-class expertise and expand access to institutional-grade global credit opportunities — helping clients diversify portfolios and plan with a longer-term view.
“Our role is to bring trusted global perspectives to Thai investors,” said Mr. Narit Kosalathip, Managing Director and Head of Wealth Management at Kiatnakin Phatra Securities. “In times like these, having access to knowledge from experienced international managers can make a real difference in making sound financial decisions.”
KKP and Oaktree have maintained a long-standing partnership, enabling Thai investors to gain exposure to institutional-grade global credit and alternative investments. This collaboration has also allowed both firms to exchange insights on market trends, risk management, and innovation in the private markets space.
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