Oaktree Capital reportedly hired Roger Zhang to lead the new Asian private credit strategy.

According to informed sources, the global alternative investment management company Oaktree Capital Management has hired Roger Zhang to lead its new private credit strategy in the Asia-Pacific region, focusing on high-quality credit. The sources said that Zhang, based in Singapore, was formerly a partner at the multi-asset investment platform Granite Asia, and he will start working in the fourth quarter. They added that the new strategy will target private lending opportunities with expected returns between high single digits and the low end of 10%-20%. The sources also mentioned that Oaktree Capital already has an opportunity credit platform in Asia, targeting higher expected returns transactions, usually around the mid to high end of 10%-20%. A representative from Oaktree Capital declined to comment.