The Ohio State Highway Patrol Retirement System has agreed to commit $20 million to Oaktree Real Estate Opportunities VIII, according to minutes from the pension fund’s Feb. 18 meeting.
The opportunistic fund, managed by Oaktree Capital Management, had raised $4 billion in capital commitments as of January, exceeding its $3.5 billion fundraising target.
Oaktree Real Estate Opportunities Fund VIII opened to investors in 2019 and will target distressed debt acquisitions, equity recapitalizations, rescue financings and discounted securities purchases. The fund is believed to still be accepting commitments.
Other investors in the fu
