Oaktree's Howard Marks says there's no systemic problem with private credit

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Howard Marks, co-founder of Oaktree Capital, believes there is no systemic problem with private credit, but warns of potential risks stemming from the rapid expansion of direct lending, which has grown to a $1 trillion market since 2011.

Market Impact

Market impact analysis based on neutral sentiment with 80% confidence.

Sentiment
Neutral
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Marks said any risk stems from the pace of expansion in direct lending, which has ballooned to a market now exceeding $1 trillion since inception around 2011.

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Original article published by CNBC on March 5, 2026.
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