Brookfield-Owned Oaktree Capital Management Reportedly to Fulfill Private Credit Fund Redemptions

MT Newswires Live03-27

Brookfield-owned (BN) Oaktree Capital Management is satisfying all investor redemption requests for its $7.7 billion private credit fund without enforcing limitations, multiple news outlets reported Friday, citing a regulatory filing.

The Los Angeles-based asset manager will allow clients to withdraw 8.5% of net assets, or $400 million, from the Oaktree Strategic Credit Fund, Bloomberg reported, citing the filing.

Parent organization Brookfield is contributing $80 million of its own cash to assist in meeting the capital returns while the credit vehicle will repurchase 6.8% of its outstanding equity, the reports said.

The financial firm is reportedly reducing the investment payout by 2 cents to ensure future stability while maintaining an anticipated 8.5% annual distribution yield.

Brookfield and Oaktree Capital did not immediately respond to MT Newswires' request for comment.

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