Fundraising - FEBRUARY 14, 2017

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Oaktree launches evergreen value-added fund

by Jody Barhanovich

Oaktree Capital Management plans to launch a Real Estate Income Fund, according to a Feb. 7 conference call to discuss the firm’s fourth quarter earnings. The evergreen fund will focus primarily on value-added and core-plus investments generating higher current income, primarily in U.S. markets.

Also in 2017, Oaktree Capital plans to continue fundraising for its Infrastructure Fund I and its various real estate vehicles, including Real Estate Debt Fund II and separate accounts for its value-added real estate strategy, according to the firm’s management. But the firm’s management would not venture to provide a projection for fundraising volume during  the next two years.

“In terms of thinking about going out 18 or 24 months and providing a projection of closed-end fundraising, we are not going to do that at this point,” said Jay Wintrob, CEO of Oaktree Capital, during the conference call. “Over many, many years, on average, Oaktree Capital has raised roughl

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