Distressed debt investor Oaktree Capital expects to raise up to $367.6m from the upcoming secondary share sale.
Oaktree will offer six million shares or 6.9 million if the underwriters that include Goldman, Sachs, JP Morgan and Wells Fargo fully exercise their options, according to a regulatory filing.
At a price of $54.72 per share, net proceeds from the sale are expected at $319.6m or $367.6m if the options are fully exercised.
The firm said its founders Howard Mark and Bruce Karsh could receive as much as $79.9m each.
Oaktree will use all of the proceeds of the share sale, which will be priced later today, to buy its shares from its directors, employees and other stakeholders.
Earlier this month it was reported that Oaktree-backed real estate company German Acorn was in merger talks with peer Prime Office.
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