Oaktree calls out Advent and Silver Lake over collapsed start-up

Oaktree calls out Advent and Silver Lake over collapsed start-up

Credit investment specialist says its trust in PE firms’ oversight of ecommerce roll-up group Thrasio was misplaced

Oaktree calls out Advent and Silver Lake over collapsed start

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Oaktree Capital Management, one of the oldest specialists in chasing companies for unpaid debts, has reproached private equity groups Advent and Silver Lake over the bankruptcy this year of Thrasio, an ecommerce start-up once valued at $6bn that all three had backed. In a letter to investors seen by the Financial Times,…