US distressed-investor Oaktree Capital raises US$16 billion with its biggest fund ever

US distressed-investing expert Oaktree Capital Management has raised nearly US$16 billion with its biggest fund ever, as it hunts opportunities in China’s embattled property development market and other parts of Asia.The Oaktree Opportunities Fund XI, which began operations in July 2020, has committed about 70 per cent of its capital raised to a mix of opportunities in both public and private investments across a mix of geographies and sectors, including investments in out-of-favour industries…

Read the original article at South China Morning Post