Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Bloomberg Customers

Marks’s Oaktree Seeking $500 Million for Senior Loan Fund

Oaktree Capital Group LLC, the world’s largest distressed-debt investor, is seeking $500 million for a fund that will invest in U.S. senior loans, according to a fund document.

Oaktree Enhanced Income Fund II LP expects to use leverage of as much as three times, according to an excerpt from a private placement memorandum viewed by Bloomberg News. Alyssa Linn, a spokeswoman at Sard Verbinnen & Co., declined to comment on behalf of Oaktree.

Oaktree is pitching the fund as investors hunt for yield amid record-low interest rates. Oaktree’s predecessor fund, which is targeting returns of close to 10 percent after fees, gathered $1.8 billion, surpassing its $1.5 billion target, John Frank, Oaktree’s managing principal, said on an earnings call last year.

Howard Marks founded Los Angeles-based Oaktree in 1995 with Bruce Karsh and five other partners from TCW Group Inc. The firm manages various strategies including distressed trading and debt-for-control, emerging markets, mezzanine and real estate.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.