Oaktree Capital Raises $16 Billion for Opportunistic Credit Fund
- About 70% of fund’s cash already committed to investments
- Plans to make direct loans, invest in out-of-favor industries
Howard Marks
Photographer: Mark Kauzlarich/BloombergThis article is for subscribers only.
Oaktree Capital Group LLC raised $16 billion for its largest-ever opportunistic credit fund, exceeding its target by $1 billion.
Oaktree Opportunities Fund XI has already committed around 70% of its cash to investments, the firm co-founded by Howard Marks said on Tuesday.