Oaktree Capital Group signed an asset purchase agreement to become the new investment adviser to Fifth Street Finance and Fifth Street Senior Floating Rate.
Oaktree Capital Group launched a new website. The redesigned site includes expanded content, an improved interface and links to Oaktree’s new social media platforms.
Oaktree Capital reported that assets under management reached a record $104 billion as of June 30, 2015, up 13% year/year, on capital inflows of $6.3 billion in Q2/15 and a record $24 billion for the past 12 months.
Oaktree Capital Group reportedly gathered $7 billion for a distressed debt fund as it prepares for the economic recovery to falter.
Howard Marks reportedly believes the plunge in oil prices may usher in a new era for investing in distressed debt.
Oaktree Capital Group reportedly said third-quarter profit fell 47% as it sold fewer holdings.
Bloomberg reported Oaktree Capital Group is said to be seeking $10 billion for a new fund with plans to sit on most of the capital until rising markets reverse course.