Oaktree Capital Management announced the final closing of Oaktree Opportunities Fund XII (Opps XII), with about $16 billion of commitments, including co-investment and affiliated vehicles.
The opportunity set for Opps XII offers attractive risk-adjusted return prospects across both public and private opportunities. So far, the fund has over $7 billion invested or committed to investing in businesses that are diversified across geographies, sectors, and asset classes. The strategy’s all-weather charter and proprietary sourcing capability have made the investment deployment pace possible. The fund’s current portfolio reflects our preference for capital structure seniority, downside protection, and a high cash coupon profile.
Oaktree’s flagship Opportunistic Credit platform strategically expanded its geographic footprint and investment capabilities. And it primarily focuses on investment opportunities in seven key categories: opportunistic liquid credits, rescue financings, debtor-in-possession financings, exit financings, loan portfolios, platforms, and opportunistic capital solutions.
KEY QUOTES:
“Oaktree’s Global Opportunities strategy has a 36-year track-record of successfully investing through multiple market cycles – generating consistently strong returns through our disciplined and diversified approach to capital deployment and risk mitigation. The successful raising of $16 billion in this strategy underscores our investors’ confidence in our team and appetite for this product, and we’re deeply grateful for their trust and support.”
- Bruce Karsh, Co-Chairman and Chief Investment Officer of Oaktree, and Portfolio Manager of the Global Opportunities strategy
“We believe the hallmark of Oaktree’s Opportunistic Credit platform is our unmatched expertise and scale, enabling us to create value in complex situations, execute quickly, and gain priority access to a wide array of attractive investment opportunities. We’re pleased with Opps XII’s deployment to date, and we see a robust pipeline ahead of us in 2025 as we continue to target high-quality opportunities.”
- Bob O’Leary, Co-Chief Executive Officer of Oaktree and Portfolio Manager for the firm’s Global Opportunities strategy
“Our team of dedicated experts are thoughtfully positioned in the world’s key economic regions. This enables us to effectively originate and capitalize on the most attractive opportunities globally.”
• ⁃ Pedro Urquidi, Portfolio Manager and Head of Opportunistic Credit ex-North America
