Oaktree Capital Management has agreed to fully meet all redemption requests in its private credit fund, the Strategic Credit Fund (OSC), for the first quarter. The fund plans to repurchase approximately 13.9 million shares, representing 6.8% of its outstanding shares. Additionally, parent company, Brookfield, will acquire another 1.7% of the shares. Despite recent headlines, Fidelity Investments has stated that private credit remains a compelling asset class for companies and an emerging asset class.