Oaktree Capital Management has raised $750 million for a new private equity portfolio, The Wall Street Journal reports. The Power Opportunities III will invest in firms that serve the U.S. power and energy sector.
The firm has set the maximum range of the portfolio at $1 billion. The investment manager’s previous fund Oaktree Power Opportunities Fund II was closed at $1 billion in 2006.
Click here for the story from The Wall Street Journal.