Oaktree Capital Management, a Los Angeles-headquartered asset management firm, has hired Sabrina Meng, formerly a Hong Kong-based vice president at Monument Group, a Boston-headquartered placement agent, Private Debt Investor has learned.
PDI understands that her role in the firm as a vice president in the business development team will mainly focus on marketing Oaktree’s products in mainland China. She previously held a position as a vice president in Monument’s analytics team.
Max Wong, a Hong Kong-based managing director of the marketing and client relations team, is covering fundraising activities in Hong Kong, according to the firm’s public disclosure.
A spokesperson from Oaktree Capital declined to comment on the new hire.
Oaktree Capital, the Los Angeles-based asset manager, held an annual conference for investors last week in Los Angeles, a source familiar with the matter confirmed with PDI.
The firm launched its latest special situations fund in January, as per PDI reporting. The fund strategy is reported as distress-for-control situations and both structured and direct equity investments across the North American region.
Its 2014-vintage vehicle, Oaktree Special Situations Fund I, held a final closing on $1.2 billion.
Fund II is targeting over $550 million more than its predecessor with a life of 10 years and an investment period of three years.
Oaktree Capital managed $100.2 billion in assets as of December 31, an increase of $0.7 billion quarter-on-quarter, which reflected a BDC acquisition and new capital committed to closed-end funds, according to its quarterly reports.
The firm also has a real estate strategy and European private debt strategy. It distributed $5 billion to closed-end fund investors from its distressed debt funds, on a yearly basis, as of December 31, according to the filing.