Oaktree Capital Management (Oaktree) has held the final close of its third global real estate debt fund, Real Estate Debt Fund III, and its related vehicles (REDF III), with total capital commitments of approximately USD3 billion.
Oaktree Capital Management (Oaktree) has held the final close of its third global real estate debt fund, Real Estate Debt Fund III, and its related vehicles (REDF III), with total capital commitments of approximately USD3 billion.
The fundraising, the largest ever for Oaktree’s Real Estate Debt strategy, is 34 per cent larger than its predecessor fund.
Oaktree’s Real Estate Debt strategy seeks to achieve attractive risk-adjusted returns and current income by investing across a broad landscape of commercial and residential real estate debt opportunities. This market segment is particularly compelling today given current real estate fundamentals, the desirability of real estate in an inflationary environment, and the predominately floating-rate nature of the instruments in which the team invests.
REDF III will invest globally in a wide range of opportunities, including commercial and residential first mortgages, commercial property mezzanine loans, real estate structured credit and real estate-related corporate debt.
