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.
Law Firms: Kirkland & Ellis;
Clients: Oaktree Capital Management;