Tuesday, 3 March 2015
Last updated 9 hours ago
Mar 6 2012 | 1:27pm ET
Los Angeles-based hedge fund and asset management firm Oaktree Capital Management has raised a €3 billion ($3.9 billion) fund focused on taking control of distressed European companies through their debt or equity, reports Bloomberg.
Citing two people “with knowledge of the situation,” Bloomberg says Oaktree, which manages $75 billion, has raised 20% more than its initial €2.5 billion target for the European Principal Fund III and 76% more than it did in 2008 for a fund deploying a similar strategy.
Today, Oaktree has approximately 600 employees in Los Angeles (headquarters), New York, Stamford, Conn., Amsterdam, Frankfurt, London, Luxembourg, Paris, Beijing, Hong Kong, Seoul, Singapore and Tokyo.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…