Oaktree has announced the final close of the Oaktree Opportunities Fund XII (Ops XII) with approximately $16bn (£12.9bn) of commitments, making it one of the firm’s largest funds to date.
The fund has already deployed or committed more than $7bn for investment in businesses that are diversified across geographies, sectors, and asset classes.
Oaktree said that this robust investment deployment pace has been made possible by the strategy’s all-weather charter and proprietary sourcing capability.
The fund’s current portfolio shows a preference for capital structure seniority, downside protection, and high cash coupon profile.
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“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.”
Oaktree’s opportunistic credit strategy 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.
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The 12th iteration of the opportunities fund aims to deliver attractive risk-adjusted-return prospects across both public and private opportunities.
“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,” said Bob O’Leary, co-chief executive of Oaktree and portfolio manager for the firm’s global opportunities strategy.
“We’re pleased with Opps XII’s deployment to date, and we see a robust pipeline ahead of us in 2025 as we continue to target high-quality opportunities.”
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