LA Business Journal

OAKTREE CAPITAL Management

is a private banking company specializing in alternative investments in credit, private equity, real assets and listed equities. With more than 1,000 employees and offices in 20 cities worldwide, the downtown-based firm has recorded $164 billion in assets under management as of March 31. As of Sept. 30, the firm had recorded nearly $240 million in revenue.

In July, Oaktree acquired a majority interest in London-based 17Capital, a transaction that was first announced in March. This partnership will give 17Capital access to Oaktree’s global network and add to Oaktree’s suite of private capital solutions. 17Capital will continue to operate as an independent business, with its own product offerings and investment, marketing, and support teams.

Last February, Oaktree Capital Management announced the final close of its third global real estate debt fund, referred to as its Real Estate Debt Fund III. The fundraising, the largest ever for Oaktree’s Real Estate Debt strategy, concluded in December 2021 with total capital commitments of approximately $3 billion, 34% larger than its predecessor fund. The fund will be used to invest globally in various opportunities including commercial and residential first mortgages, commercial property mezzanine loans and real estate-related corporate debt. As of December 2021, the fund had deployed $1.6 billion, about 55% of its total capital, in investments throughout the U.S., Europe and Australia.

PRIVATE EQUITY

en-us

2023-01-30T08:00:00.0000000Z

2023-01-30T08:00:00.0000000Z

https://labusinessjournal.pressreader.com/article/282467123027483

LABJ