Oaktree Closes Eighth Real Estate Opportunities Fund at $4.7 Billion
March 23 2021 - 9:00AM
Business Wire
Oaktree Capital Management, L.P. (“Oaktree”) today announced the
successful final close of Oaktree Real Estate Opportunities Fund
VIII and related vehicles (“ROF VIII” or the “Fund”), with total
capital commitments of approximately $4.7 billion. ROF VIII is the
largest Oaktree real estate fundraise to date, meaningfully
exceeding its original target of $3.5 billion.
“The Covid-19 pandemic has created a compelling set of
credit-focused investment opportunities for our fund,” said John
Brady, Portfolio Manager and Head of the Global Real Estate group.
“We’re very thankful for the support and confidence we’ve received
for our opportunistic, yet risk-controlled approach to
investing.”
To date, the Fund has invested or committed approximately $1.7
billion, or about 40% of its capital, in a combination of purchases
of distressed real estate-related securities made early in the
pandemic and, more recently, relationship-based “rescue” financings
for public and private real estate lenders and owners experiencing
problems with their leverage.
Oaktree’s real estate strategies, with over $11 billion in
assets under management as of December 31, 2020, target a diverse
range of investments across the real estate risk and return
spectrum, including performing debt, core-plus and opportunistic
strategies. With 59 dedicated real estate personnel in the U.S.,
UK, Hong Kong, Korea, Australia and Japan, Oaktree’s Real Estate
team benefits from the firm’s multi-disciplinary strengths and
global footprint.
About Oaktree
Oaktree is a leader among global investment managers
specializing in alternative investments, with $148 billion in
assets under management as of December 31, 2020. The firm
emphasizes an opportunistic, value-oriented and risk-controlled
approach to investments in credit, private equity, real assets and
listed equities. The firm has over 1,000 employees and offices in
19 cities worldwide. For additional information, please visit
Oaktree’s website at http://www.oaktreecapital.com.
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