Oaktree Seeks $2.5 Billion for Seventh Power Opportunities Fund [BNN Bloomberg (Canada)]
Brookfield Corporation Class A Limited Voting Shares (BN)
Company Research
Source: BNN Bloomberg
The Los Angeles-based investment fund is targeting a first close for the vintage in the third quarter of this year, the person said, who asked not to be identified discussing confidential matters. Michael Cardito is among portfolio managers that will oversee the fund, the person said. Oaktree Power Opportunities Fund VII is the latest iteration of a strategy that targets investments across North America and Europe in electric power, natural gas, water and other related businesses. Oaktree Power Opportunities Fund VI raised $2 billion. Current portfolio companies in Oaktree's managed funds include Aecon Utilities Group Inc. and Aggreko Plc., according to the firm's website. A representative for Oaktree declined to comment. Oaktree was co-founded by partners including Howard Marks and Bruce Karsh, who is Oaktree's co-chairman and chief investment officer. It sold a majority stake to Brookfield Asset Management in 2019. As of December, it had $189 billion of assets under managemen
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