Oaktree enters direct lending

 The distressed debt behemoth is also seeking commitments for its most recent real estate debt vehicle.  

Oaktree Capital Management announced a new suite of products, which includes a closed-end mid-market direct lending fund, management of the Los Angeles-based alternative asset manager said during its fourth-quarter earnings call.

Chief executive officer Jay Wintrob said Oaktree has started marketing a mid-market investment vehicle and that it also hit the trail with an open-end Real Estate Income Fund, which will focus on value-add and some core-plus investments.

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