Veleta Capital and funds managed by Oaktree Capital Management have launched a strategic joint venture, Veleta Capital Partners (VCP), creating an institutional lending platform for multifamily and commercial real estate assets.
Oaktree has also acquired a minority stake in Veleta Capital.
Veleta Capital Partners is a real estate lending platform headquartered in Los Angeles. The management team has an established track record with deep relationships across multifamily and commercial real estate lending and ancillary services around it, including underwriting, construction, servicing, and more.
Oaktree is a specialist in alternative investments, including credit, private equity, real assets and listed equities.
