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Laxman Pai, Opalesque Asia: Oaktree raised $16bn for a long-running opportunistic strategy, the largest fund in its history and the largest distressed-debt fund ever raised, giving the firm a sizable new pool of money to back cash-constrained companies in a range of industries.
The American global asset management firm specializing in alternative investment strategies said in a press release that the Oaktree Opportunities Fund XII has more than $7 billion invested or committed in businesses that are diversified across regions, sectors, and asset classes.
"Oaktree's Global Opportunities strategy has a 36-year track record of successfully investing through multiple market cycles - generating consistently strong returns through our disciplined and diversified approach to capital deployment and risk mitigation," said Bruce Karsh, Co-Chairman and Chief Investment Officer of Oaktree, and Portfolio Manager of the Global Opportunities strategy.
"The successful raising of $16 billion in this strategy underscores our investors' confidence in our team and appetite for this product, and we're deeply grateful for their trust and support," Bruce added.
As per the release, the opportunity set for Opps XII offers attractive risk-adjusted return prospects across both public and private opportunities. To date, the Fund has more than $7 billion invested or committed for investment in diversified businesses across geographies, sectors, and asset cl...................... To view our full article Click here
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