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Oaktree Capital Management opportunities fund hits $1b
Fundraising - JANUARY 8, 2020

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Oaktree Capital Management opportunities fund hits $1b

by Kali Persall

A year after hitting the market, Los Angeles–based Oaktree Capital Management has raised $1.054 billion for its Oaktree Real Estate Opportunities Fund VIII, an SEC filing has revealed.

A fundraising target has not been disclosed in any SEC document filed by Oaktree, but the fund has garnered support from 31 investors, according to its latest filing.

Oaktree Real Estate Opportunities Fund VIII will invest in debt secured by properties and follows its predecessor Oaktree Real Estate Opportunities Fund VII, in garnering a large amount in capital. That fund raised $2.92 billion and closed in 2016, with a strategy that targeted CMBS, mortgage debt and distressed properties in Europe and the United States.

As of June 2018, Oaktree Capital Management had $122 billion in assets under management.

 

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