Howard Marks
Overview
- Source of Wealth
- Private equity
- Industry
- Finance & Investments
- Residence
- New York, New York
- Organization
- Chairman at Oaktree Capital Group LLC
- Education
- University of Pennsylvania, The Wharton School (Bachelor of Arts/Science)
- Marital Status
- Married
- Children
- 2
Assets
- Brookfield Corporation (Toronto listing)561,000 shares @ --BN-CA
- Oaktree Capital Group LLC0 shares @ --OAK-US
Biography
Howard Marks is the cofounder and co-chairman of Oaktree Capital Management, a Los Angeles-based distressed debt investor with over $220 billion in assets.
Marks began his career at Citibank, where he started a portfolio of high-yield bonds after meeting with junk bond king Michael Milken.
He became an asset manager at TCW, where he met Oaktree cofounder Bruce Karsh. The duo left with four colleagues in 1995 to found their own shop.
In September 2019, Brookfield Asset Management acquired 61% of Oaktree for about $4.9 billion in cash and stock. It agreed to buy the rest for $3 billion in 2025.
He and Karsh still head up Oaktree, which continues to operate independently of Brookfield. His stake in the firm is now about 7.5%.
About
Marks is known for his highly detailed investment memos, which cover everything from cryptocurrency to index investing.
The Wharton and UChicago alum minored in Japanese studies, which he became interested in after signing up for a mandatory literature class.