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California  + Los Angeles  + Finance  | 
Connect Media has added six professionals to its Connect Creative team

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. 

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

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