The world’s largest distressed debt investor Oaktree Capital Group LLC (NYSE:OAK) has cut back the goal for its upcoming control investing fund, the Oaktree Principal Fund VI LP, from $3 billion to $1.8 billion and shorten its investment period for five years to three because it’s having trouble finding enough deals in the current high liquidity, low-rate environment, reports Sabrina Willmer for Bloomberg after talking to someone familiar with the matter. There hasn’t been an official announcement or acknowledgment from Oaktree on the matter.
Oaktree focused on European debt, real estate, sector-specific strategies
Oaktree managing director Ronald Beck told a panel...
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