Oaktree Closes Largest RE Opportunities Fund at $4.7B
Oaktree Capital Management has reached a successful final close of Oaktree Real Estate Opportunities Fund VIII and related vehicles (ROF VIII), with total capital commitments of approximately $4.7 billion. ROF VIII is the largest Oaktree real estate fundraise to date, significantly exceeding its original target of $3.5 billion.
“The COVID-19 pandemic has created a compelling set of credit-focused investment opportunities for our fund,” said John Brady, portfolio manager and head of the global real estate group at Los Angeles-based Oaktree. “We’re very thankful for the support and confidence we’ve received for our opportunistic, yet risk-controlled approach to investing.”
To date, ROF VIII has invested or committed approximately $1.7 billion, or about 40% of its capital, in a combination of purchases of distressed real estate-related securities made early in the pandemic and, more recently, relationship-based “rescue” financings for public and private real estate lenders and owners experiencing problems with their leverage.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
CRE courses for CE credits
Get CE course credits, centered around all things CRE. View our courses today!