US distressed-investing expert Oaktree Capital Management has raised nearly US$16 billion with its biggest fund ever, as it hunts opportunities in China’s embattled property development market and other parts of Asia, the South China Morning Post reported.
The Oaktree Opportunities Fund XI, which began operations in July 2020, has committed about 70% of its capital raised to a mix of public and private investments across geographies and sectors.
Its investments include out-of-favour industries and capital solutions to companies with limited funding options, the company said.
Read the full report: South China Morning Post
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