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Oaktree Capital – New close

The Los Angeles-based private equity firm, Oaktree Capital Management, has closed $2.18 billion for its latest real estate credit fund, Real Estate Debt Fund II, surpassing its $1.75 billion target. The fund will follow value-added opportunities in North America and Europe targeting real estate mezzanine and commercial debt. Investors committing in the fund include the State Universities Retirement System of Illinois and the San Diego City Employee´s Retirement System.