Oaktree Capital Management closed its largest real estate fund, Oaktree Real Estate Opportunities Fund VIII, and related vehicles with about $4.7 billion, a news release Tuesday said.
The new fund already has invested or committed roughly $1.7 billion in distressed real estate-related securities — made earlier in the pandemic — and more recently in financing public and private real estate lenders and owners that were experiencing debt problems.
Investors in the fund include the $15.7 billion Ohio Police & Fire Pension Fund, Columbus; $9.7 billion San Diego City Employees’ Retirement System; and $5.8 billion Fresno County (Calif.) Employees’ Retirement Association.
Source: Pensions and Investments
By Arleen Jacobius
