Oaktree Capital has raised €200m (£175m) for its second European collateralised loan obligation (CLO) equity fund.
Read more: Oaktree makes senior European hire
The capital was raised to fund European CLOs issued by Oaktree through the provision of CLO takeout and warehouse equity, a spokesperson for the firm told Alternative Credit Investor.
The fund closed on 26 September and has already started deploying capital, with four European CLOs issued to date.
The most recent, Arbour XV, was reported as the first new issue to price AAAs inside 130bps.
Oaktree is headquartered in Los Angeles and has $209bn (£155.4bn) in assets under management, as of 30 June. The firm focusses on alternative investments in credit, equity, and real estate.
Read more: Oaktree closes 12th opportunities fund with $16bn
