Oaktree Is Said to Plan Follow-Up European Lending Fund
ByOaktree Capital Group LLC, the world’s biggest distressed-debt investor, is seeking money for a fund to lend to European companies after deciding that a temporary retreat by banks will last longer, according to two people familiar with the plans.
The firm, which in 2013 started its Oaktree European Dislocation fund, is forming a successor vehicle called European Capital Solutions to reflect that it views the investing opportunity as more permanent, said the people, who asked not to be named because the details are private. Caleb Kramer, who manages the original fund, will oversee the new pool.
Alyssa Linn, a spokeswoman for Los Angeles-based Oaktree at public-relations firm Sard Verbinnen & Co., declined to comment on the plans…
Oaktree Is Said to Plan Follow-Up European Lending Fund
