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Oaktree's assets - & ambition - branch out

The private equity and distressed debt firm aims to raise $11 billion in hybrid distressed funds.

Why is the $60 billion Oaktree Capital Management shaking the money tree? It needs the capital. The private equity and distressed debt shop run by credit guru Howard Marks has set out to raise $11 billion in hybrid distressed funds to finance its latest ambitions. The firm is introducing three

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