Oaktree Capital Management (Oaktree), an alternative investment firm with $202bn in AUM, has held the final close of Oaktree Opportunities Fund XII (Opps XII) with approximately $16bn in capital commitments, including co-investment and affiliated vehicles.
To date, the fund, which invests in both public and private opportunities, has more than $7bn invested or committed for investment in businesses that are diversified across geographies, sectors, and asset classes. According to a press statement, the current portfolio reflects a preference for capital structure seniority, downside protection, and high cash coupon profile.
“Oaktree’s Global Opportunities strategy has a 36-year track-record of successfully investing through multiple market cycles – generating consistently strong returns through our disciplined and diversified approach to capital deployment and risk mitigation,” said Bruce Karsh, Co-Chairman and Chief Investment Officer of Oaktree, and Portfolio Manager of the Global Opportunities strategy. “The successful raising of $16bn in this strategy underscores our investors’ confidence in our team and appetite for this product, and we’re deeply grateful for their trust and support.”
“We believe the hallmark of Oaktree’s Opportunistic Credit platform is our unmatched expertise and scale, enabling us to create value in complex situations, execute quickly, and gain priority access to a wide array of attractive investment opportunities,” added Bob O’Leary, Co-Chief Executive Officer of Oaktree and Portfolio Manager for the firm’s Global Opportunities strategy.
Oaktree’s flagship Opportunistic Credit platform has strategically expanded its geographic footprint and investment capabilities. It primarily focuses on investment opportunities in seven key categories: opportunistic liquid credits, rescue financings, debtor-in-possession financings, exit financings, loan portfolios, platforms, and opportunistic capital solutions.
