Oaktree secures up to $500m for new private equity fund

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Oaktree Capital has pulled in at least $500m towards a new fundraise, SEC documents show.

No target is given for Oaktree Gilead Investment Fund in a filing the firm submitted to the US Securities & Exchange Commission.

The firm is also currently raising its 11th flagship fund. A target for the vehicle has not been revealed, but the firm is raising the fund across three filings with the US SEC, Oaktree Opportunities Fund XI, Oaktree Opportunities Fund XI (Parallel) and Oaktree Opportunities Fund XI Feeder (Cayman).

Oaktree’s tenth flagship fund was raised across two parallel funds and closed on $10.5bn back in 2016.

New York State Common Retirement Fund was one of the investors, having deployed $500m of capital into Oaktree Opportunities Fund Xb, a special situations and distressed debt vehicle.

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