Oaktree closes $10.6B distressed fund

Add another $10 billion to the amount of cash flooding into distressed asset private equity funds as Oaktree Capital Management reportedly has reached the final close on its eighth fund with $10.6 billion, according to LBO Wire.

Continue reading below

Oaktree is the latest firm to raise a fund in anticipation of a steep rise in the number of distressed companies in light of the economic slowdown and the credit crunch. Other distressed megafunds to close this year include the $4 billion WLR Recovery Fund IV LP raised by Wilbur Ross and Invesco Ltd.; and a $1 billion limited partnership for Roark Capital. Meanwhile TPG Capital is reportedly raising a $6 billion fund for distressed financial assets. - George White

See Dealscape post on distressed investing
See Dealwatch on private equity fund-raising

Post a comment

Name:

Email Address:

URL:

Remember personal info?

Comments: (you may use HTML tags for style)

Please only click "Post" once. It may take a few moments to process.

Deal Video

	Inside The Deal: NYSE Euronext's Cutler on the six companies expected to debut on the most active week in the IPO market since that of Sept. 21.
More video...

Elsewhere on The Deal.com

Dealwatch

• AIG Inc.
• CIT Group Inc.
• Ponzi schemes, fraud and other misdeeds
• AOL

The Deal Magazine

• Coyote ugly
• The new super-regionals
• Buyout blackball?
• Too big to flail

Corporate Dealmaker

• J&J chief calls job cuts 'difficult'
• Another corp exec out amid Galleon fallout
• Critiquing Cisco's acquisition strategy
• Cisco: Tandberg offer is 'a very good price'

The Deal Video

• Do corporations need M&A bankers?
• Hilco's Cory Lipoff on the retail reorg challenge
• Wheego's McQuary on the future of cars
• Oppenheimer's Heinberg on bake-offs for PE exits

Categories

• Bankruptcy
• Corporate restructuring
• Deal international
• Dealmakers
• Featured
• IPOs
• M&A
• Middle market
• Law & regulation
• Private capital
• Conferences
• Technology

Blog roll

• BloggingBuyouts
• BloggingStocks
• Dealbook
• DealBreaker
• Deal Journal
• FT Alphaville
• footnoted.org
• Going Private
• peHUB
• Reuters Dealzone
• SEC Investor
• Prince Of Wall Street
• Bankruptcy Bill
• Information Arbitrage

Archives

• November 2009
• October 2009
• September 2009
• August 2009
• July 2009
• June 2009
• May 2009
• April 2009
• March 2009
• February 2009
• January 2009
• December 2008
• November 2008
• October 2008
• September 2008
• August 2008
• July 2008
• June 2008
• May 2008
• April 2008
• March 2008
• February 2008
• January 2008
• December 2007
• November 2007
• October 2007
• September 2007
• August 2007
• July 2007
• June 2007
• May 2007
• April 2007
• March 2007
• February 2007
• January 2007
• December 2006
• November 2006
• October 2006
• September 2006
• August 2006
• July 2006
• June 2006
• May 2006
• April 2006
• March 2006
• February 2006
• January 2006
• December 2005