Oaktree to Meet 8.5% Private Credit Fund Redemptions in Full

Oaktree Capital Management is meeting all redemption requests it received for a $7.7 billion private credit fund aimed at retail investors, siding with managers that have decided against enforcing a cap on withdrawals.

The Los Angeles-based firm will allow investors to take out 8.5% of net assets from the Oaktree Strategic Credit Fund, equivalent to around $400 million, according to a regulatory filing on Friday. Its parent company Brookfield is contributing roughly $80 million of its own cash to help satisfy the request.