Oaktree closes second European fund on EUR1.8bn

22 January 2009

Tweet
Facebook
LinkedIn
Google plus
Send to

Fund

US-based asset management firm Oaktree Capital Management LP has closed its second European private equity fund, OCM European Principal Opportunities Fund II LP, on EUR1.8bn. Debevoise & Plimpton provided legal advice.

Investments

The fund will continue Oaktree's strategy of targeting both opportunistic traditional private equity and distress-for-control investments, seeking to taking stakes that result in substantial influence, control or total ownership. There will be a particular focus on cross-border transactions, as well as on deals that offer the opportunity to expand on a global level.

People

Oaktree has four offices in Europe - in London, Frankfurt, Paris and Luxembourg - employing a total of ten professionals. The principal opportunities team also operates from two locations in the US, with an office in New York in addition to the headquarters in Los Angeles. The division is led by Principal Steve Kaplan, who works in the firm's Los Angeles office.

Name: OCM European Principal Opportunities Fund II LP

Closed on: EUR1.8bn December 2008

Focus: Expansion, buyout, distressed

Address: Oaktree Capital Management LP, 28th Floor, 333 South Grand Ave, Los Angeles, CA 90071

Tel: +1 213 830-6300

Fax: +1 213 830-6293.