{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Alt Goes Mainstream: The Latest on Alternative Investments, WealthTech, & Private Markets","title":"Live from New York with Oaktree's Armen Panossian - \"don't reach for risk to deliver the right return\"","html":"","width":"100%","height":180,"duration":3268,"description":"Welcome back to the Alt Goes Mainstream podcast.\nToday’s episode was filmed live at an event during a Brookfield Oaktree Wealth Solutions RIA Council meeting in New York.\nArmen Panossian, the Co-CEO and Head of Performing Credit at Oaktree, and I sat down for a conversation in a Brookfield-owned building with a group of RIAs in the audience.\n\nArmen, who joined Oaktree in 2007, has been an integral part of scaling Oaktree to over $209B in AUM. Oaktree, a storied firm, particularly in distressed credit, was recently fully acquired by Brookfield, the $1T AUM alternative asset manager.\nArmen has a wealth of experience across different areas of credit. He is the Head of Performing Credit, where his responsibilities include oversight of the firm’s liquid and private credit strategies and as a portfolio manager within the Global Private Debt and Global Credit strategies. He also led the development of Oaktree’s CLO business.\nArmen and I had a fascinating and thought-provoking conversation. We covered:\nThe evolution of Oaktree’s business.\nHow the acquisition by Brookfield has helped scale Oaktree’s business.\nWhy private credit is more than direct lending.\nThe nuances of asset-based finance.\nThe current state of the credit markets.\nHow Oaktree has approached distressed credit investing.\nWhat Armen’s memo would be if he were to write a memo like his colleague Howard Marks. \nAnd, why his memo might be titled “this is not your grandma’s private credit” or “don’t reach for risk to deliver the right return.”\nThanks Armen and the Brookfield Oaktree Wealth Solutions team for a fantastic night and Armen for sharing your wisdom and expertise with us.\nShow Notes\n00:00 Message from Ultimus, our Sponsor\n01:59 Welcome to the Alt Goes Mainstream Podcast\n04:02 Armen Panossian’s Background\n04:22 Early Career and Education\n05:42 Transition to Finance\n08:04 Joining Oaktree\n08:25 Oaktree's Early Days\n09:25 Investment Philosophy and Growth\n12:05 Balancing Pessimism and Business Building...","thumbnail_url":"https://img.transistorcdn.com/AFAZ1vkAT92lFJtqt-r0HeFQ55KTdcbJHmgKXaMlAtY/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9zaG93/LzE5MDA4LzE2MTQ1/Mzk1MDUtYXJ0d29y/ay5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}