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As the head of the European branch of Oaktree Capital, Caleb Kramer takes a unique approach to investing in distressed companies. Instead of traditional debt trading, Caleb Kramer seeks to play a role in the debt restructuring by securing a large stake in a company’s debt. Through the restructuring, Oaktree then … Read More
As the head of the European branch of Oaktree Capital, Caleb Kramer takes a unique approach to investing in distressed companies. Instead of traditional debt trading, Caleb Kramer seeks to play a role in the debt restructuring by securing a large stake in a company’s debt. Through the restructuring, Oaktree then converts its debt stake to an equity stake.

For example, Oaktree held more than a 25 percent interest in the bonds issued by Countrywide. When Countrywide's leaders realized it could not sustain its debt for the long term, they called on Oaktree and other investors to help. They cut the company debt by more than 75 percent through a debt restructuring that included the provision of new capital. In exchange, Oaktree wrote off its debt claims and secured a 30 percent equity stake in the company.

In addition to his duties at Oaktree, Caleb Kramer sits on the Board of Directors of Campofrio Food Group, SA, which appointed him to the position in 2008. He also serves on the group’s Committee of Strategy and Investment.

Caleb Kramer holds a bachelor’s degree in economics from the University of Virginia. He has worked at a number of major firms, including Merrill Lynch and Co., Dillon Read and Co., and Archon Capital Partners. Read Less
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