Oaktree Raises $4B For Distressed Euro Assets

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.


In Depth

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

Looking for a way to keep warm during the cold weather or rather alleviate your cold while under the weather?