Oaktree Capital winds down global distressed fund
As global investor Oaktree Capital’s nearly $11 billion distressed opportunity fund enters its liquidation phase, a source close to the firm says Oaktree may not see another such vehicle of this size for a while, due to the changing landscape for distressed opportunities in the aftermath of the financial crisis.
Oaktree is in the process of returning $3 billion back to its investors as its three-year-old OCM Opportunities Fund VIb Delaware winds down, with more returns to come as the vehicle wraps up its investment...
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