Oaktree Capital Management is seeking investors for its latest fund dedicated to corporate special situations, as global trade tensions cast uncertainty over businesses, according to a report by Bloomberg citing sources familiar with the matter.
The Oaktree Special Situations Fund IV could reach approximately $4bn, the sources said. The previous iteration of this strategy raised $3bn.
The fund will target investments in assets such as distressed debt, structured equity, and direct equity, the sources added. This initiative comes amid escalating tariffs between major global economies, which threaten supply chains and corporate profit margins.
Oaktree’s two preceding funds of this type each delivered a net internal rate of return of about 30%, the sources said. The firm’s special situations strategy is led by Matt Wilson and Jordon Kruse. An Oaktree representative declined to comment.
According to its website, Oaktree currently invests in companies such as Australian Alternative Asset Partners, US beer producer City Brewing Company, and global healthcare provider GenesisCare.
