{
  "id": 11412657,
  "title": "Oaktree raises $2bn for debut asset-backed finance fund",
  "url": "https://urgent.news/2026/10/02/oaktree-raises-2bn-for-debut-asset-backed-finance-fund",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T10:13:55.000Z",
  "source": {
    "name": "Private Equity Wire",
    "slug": "private-equity-wire",
    "url": "https://www.privateequitywire.co.uk/oaktree-raises-2bn-for-debut-asset-backed-finance-fund/"
  },
  "original_language": "en",
  "account": "Oaktree Capital Management has successfully raised $2 billion for its inaugural asset-backed finance fund, as per Bloomberg's report. With commitments from a range of investors, including US public pension plans and sovereign wealth funds, the fund will serve various sectors such as equipment leasing, transportation, consumer finance, real estate, and infrastructure. This move comes at a time when banks are reducing their involvement in asset-backed finance, presenting new opportunities for private credit managers to provide capital in traditionally bank-dominated areas.\n\nWhile other insurers have also entered the market, Oaktree aims to target financing transactions that don't meet the requirements of traditional insurers, particularly those without formal investment-grade ratings. Jennifer Marques, Oaktree's head of strategy and structuring, explained that the firm sees potential to generate higher returns from unrated assets, where investors are rewarded for complexity rather than facing greater credit risk.\n\nOaktree portfolio manager Brendan Beer emphasized that the strategy is not sector-specific and sees significant opportunities across the broader asset-backed finance market. These financings may remain unrated due to unique structures or underlying collateral that do not align with rating-agency methodologies, which typically favor standardized asset pools with extensive performance histories. Oaktree, owned by Brookfield Asset Management, will leverage Brookfield's sourcing and underwriting expertise. The new strategy complements Brookfield's existing $60 billion asset-based finance platform, which covers areas like specialty finance, non-qualified mortgages, aviation lending, music royalties, fund finance, and digital infrastructure leases.",
  "summary": "Oaktree Capital Management has raised $2bn for its first dedicated asset-backed finance fund, targeting lending opportunities outside the typical investment parameters of insurers, according to a report by Bloomberg.",
  "key_points": [
    "Oaktree raises $2 billion for debut asset-backed finance fund",
    "Investors include US public pension plans and sovereign wealth funds",
    "Focus on financing transactions without traditional insurer requirements"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}