Oaktree closes on $2.1bn for latest RE debt fund

The Los Angeles, California-based firm is now preparing to launch its Oaktree Real Estate Opportunity Fund VIII in 2019.

Oaktree Capital Group has raised nearly $2.1 billion for its Real Estate Debt Fund II, surpassing its $1.75 billion target, according to the firm’s latest quarterly earnings report.

Sister title PERE understands that the fund held its final close in September, aggregating an additional $500 million since the Los-Angeles-based firm reported $1.8