The fund has already committed or deployed more than $7bn across a diversified range of businesses, sectors, and asset classes.

The firm attributes its rapid investment pace to its broad investment mandate and proprietary deal sourcing capabilities. The fund’s portfolio emphasizes capital structure seniority, downside protection, and high-cash coupon investments.

Bruce Karsh, Oaktree’s co-chairman and chief investment officer, highlighted the firm’s 36-year track record of navigating multiple market cycles. “The successful raising of $16bn underscores investor confidence in our team and strategy. We appreciate their trust and support,” Karsh said.

Oaktree’s opportunistic credit strategy targets seven key investment areas: opportunistic liquid credits, rescue financings, debtor-in-possession financings, exit financings, loan portfolios, platform investments, and broader opportunistic capital solutions.

Bob O’Leary, Oaktree’s co-chief executive, noted the firm’s ability to create value in complex situations and move quickly on opportunities. “We’re pleased with Opps XII’s deployment so far and see a strong pipeline for 2025 as we continue targeting high-quality opportunities,” he said.

Source: Alternative Credit Investor

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