Oaktree Is Said to Seek $10 Billion Fund for Future Distress
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Oaktree Capital Group LLC is preparing for the economic recovery to falter.
The world’s biggest distressed-debt investor is seeking $10 billion for a new fund with plans to sit on most of the capital until rising markets reverse course, three people with knowledge of the plans said. Oaktree plans to raise $3 billion that it can start investing immediately and $7 billion for a reserve pool to deploy when more distressed opportunities arise, said the people, who requested anonymity because the plans aren’t public.