Cracks to Emerge in Old Private Credit Deals: Oaktree’s Poli

Danielle Poli in London, on Oct. 1.Photographer: Betty Laura Zapata/Bloomberg

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By Kriti Gupta and Francesca Veronesi

October 1, 2025 at 7:38 AM UTC

Updated on

October 1, 2025 at 8:57 AM UTC

Vintage private credit deals will have some problems, according to Danielle Poli, assistant portfolio manager for Oaktree Capital Management’s global credit strategy.

Certain portfolios that have a lot of capital will have to grapple with some issues, she said in an interview with Bloomberg TV on Wednesday, adding that she saw no chance of wider systemic risk, given lenders are not lending to each other and leverage has been relatively contained.