Oaktree Real Estate Opportunities Fund VIII’s $4.7 Billion Fundraising

Kirkland represented Oaktree Capital Management, L.P. in the transaction.

Oaktree Capital Management, L.P., a leader among global investment managers specializing in alternative investments, closed its Oaktree Real Estate Opportunities Fund VIII and related vehicles (ROF VIII), with total capital commitments of approximately $4.7 billion. ROF VIII is the largest Oaktree real estate fundraise to date, meaningfully exceeding its original target of $3.5 billion. ROF VIII investors represent five continents and include leading public and private pension funds, sovereign wealth funds, insurance companies, endowments, foundations and high net worth individuals.

Oaktree is a leader among global investment managers specializing in alternative investments, with $148 billion in assets under management as of December 31, 2020. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. 

The Kirkland team was led by investment funds partners Erica Berthou (Picture) and Carrie VanFleet.  

Involved fees earner: Erica Berthou – Kirkland & Ellis; Carrie VanFleet – Kirkland & Ellis;

Law Firms: Kirkland & Ellis;

Clients: Oaktree Capital Management;

Author: Martina Bellini