11-02-2025
- Business
- Wall Street Journal
Oaktree Closes Largest Distressed-Debt Fund Ever Raised
Oaktree Capital Management has closed the largest fund in its history and the largest distressed-debt fund ever raised, giving the firm a sizable new pool of money to back cash-constrained companies in a range of industries.
At $16 billion including co-investments and related vehicles, Oaktree Opportunities Fund XII edges out the $15.9 billion predecessor, which closed in 2021, as the largest in the Los Angeles firm's history as well as the largest distressed-debt fund ever raised, according to PitchBook Data, which tracks data on private markets.
