Oaktree Capital Management Launches CLO

LOS ANGELES--(BUSINESS WIRE)--

Oaktree Capital Group, LLC OAK and its subsidiaries (collectively “Oaktree”) today announced the pricing of Oaktree CLO 2014-1 Ltd., a $516.5 million Collateralized Loan Obligation (“CLO”). Oaktree CLO 2014-1 Ltd. will invest in corporate leveraged loans.

Oaktree's CLO activities are part of its global Senior Loan strategies, which manage $6.0 billion of loans on a levered and unlevered basis in the U.S. and in Europe as of September 30, 2013.

The U.S. Senior Loan strategy is headed by Managing Directors Armen Panossian and Desmund Shirazi, who serve as co-portfolio managers and oversee the day-to-day management of all of Oaktree's U.S. Senior Loan portfolios.

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with $79.8 billion in assets under management as of September 30, 2013. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing, convertible securities, real estate and listed equities. Headquartered in Los Angeles, the firm has over 750 employees and offices in 15 cities worldwide. For additional information, please visit Oaktree's website at http://www.oaktreecapital.com/.