Oaktree Reduces Fundraising Target For New Fund
The world’s largest distressed debt investor Oaktree Capital Group LLC (NYSE:OAK) has cut back the goal for its upcoming control investing fund, the Oaktree Principal Fund VI LP, from $3 billion to $1.8 billion and shorten its investment period for five years to three because it’s having trouble finding enough deals in the current high liquidity, low-rate environment, reports Sabrina Willmer for Bloomberg . . .
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