Oaktree Real Estate Opportunities Fund VIII, an opportunistic fund managed by Oaktree Capital Management, has raised around $4 billion in capital commitments, exceeding its target of $3.5 billion.
Oaktree Real Estate Opportunities Fund VIII opened to investors in 2019. The vehicle will target distressed debt acquisitions, equity recapitalizations, rescue financings and discounted securities purchases.
The fund is believed to still be accepting commitments.
Recent investors in the fund include the Fresno County (Calf.) Employees Retirement System, the Nebraska Investment Council and the Minnesota State Board of Investment.
Oaktree declined to comment on its fundraising activity at the time of publication.
