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Oaktree Closes Real Estate Debt Fund at $3B
Oaktree Capital Management, L.P. reached final close on its third global real estate debt fund, Real Estate Debt Fund III. The fundraising, the largest ever for Los Angeles-based Oaktree’s real estate debt strategy, closed with total capital commitments of approximately $3 billion, 34% larger than its predecessor fund.
REDF III will invest globally in a wide range of opportunities, including commercial and residential first mortgages, commercial property mezzanine loans, real estate structured credit and real estate-related corporate debt. As of Dec. 31, the fund had deployed $1.6 billion, representing approximately 55% of its total capital, in investments concentrated in the U.S., Europe and Australia.
“This successful close is a testament to the strength of Oaktree’s Real Estate Debt strategy and the global team we’ve built over the past decade,” said John Brady, portfolio manager and head of the global real estate group at Oaktree.
- ◦Financing


