Oaktree files for $595m IPO
Oaktree Capital Group, the US-based debt-focused private equity firm, has filed for an IPO that could raise up to $595.1 million. Co-founders Howard Marks and Bruce Karsh stand to take away as much as $117.2 million each from the sale.
Oaktree, which had $74.9 billion in assets under management at the end of 2011, is offering 11.25 million Class A shares at $43-46 apiece. Underwriters have the option to buy an additional 1.69 million...
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