Oaktree Targets Record Private Debt Fund of Over $18 Billion
- It’s the 12th opportunistic credit fund for Oaktree Capital
- The fund plans to be active in corporate debt restructurings
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Oaktree Capital Management is looking to raise more than $18 billion in what would be the largest-ever private credit fund, according to people with knowledge of the matter.
The $179 billion alternative investment manager is raising a 12th fund, called the Oaktree Opportunities Fund XII, for its opportunistic credit strategy, said the people, who asked not to be identified because they’re not authorized to speak about it.