LOS ANGELES – Oaktree Capital Management LP has closed Oaktree Real Estate Opportunities Fund VIII and related vehicles, with capital commitments totaling $4.7 billion.
Exceeding its original target of $3.5 billion, the fund serves as the Oaktree Capital Management's largest real estate fundraise to date.
To date, the fund has invested or committed $1.7 billion, representing about 40% of its capital, in a combination of purchases of distressed real estate-related securities made during the pandemic and more recently, relationship-based "rescue" financings for public and private real estate lenders and owners experiencing problems with their leverage.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
