Marks’ Oaktree Said to Seek Capital for European Lending Vehicle
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Oaktree Capital Group LLC, the world’s largest distressed-debt investor, plans to raise a fund designed to take advantage of a pullback in European lending, according to three people familiar with the matter.
Oaktree European Dislocation Fund LP will lend to companies with low levels of debt, said the people, asking not to be named because the information isn’t public. The fund could be in the range of 250 million euros ($335 million) to 500 million euros, they said.