Virginia pension fund cuts Oaktree high yield account
Virginia Retirement System (VRS) has terminated Oaktree as a high yield debt manager, Creditflux has learnt

Carlyle, ICG and Oaktree earn approvals as Chile's first alternatives managers
The news follows recent reforms to Chile’s Pension Fund Law allowing pension fund administrators to invest directly in alternative asset managers

US direct lender announces first close at $275 million after Oaktree backing
Direct lender Runway Growth Credit has announced the successful closing of its $275 million initial equity capital raise, including a $139 million commitment from Oaktree

West Coast CLO manager prices tight refinancing with Morgan Stanley
The manager priced the refi yesterday, according to market sources. It's the firm's 7th CLO transaction globally this year

Oaktree marks down former Fifth Street loan portfolio
Oaktree Capital has slashed the valuation of a portfolio of loans it took over from Fifth Street last month by $142 million

Oaktree changes tack on ETFs and signs up to manage Eaton Vance fund
Oaktree Capital Management has agreed to subadvise Eaton Vance’s newest diversified credit NextShares offering – suggesting Howard Marks of Oaktree may be getting over his previously expressed doubts about exchange-traded funds

Wealth manager adds Oaktree and THL to new direct lending platform
Canadian firm Nicola Wealth Management (NWM) has launched a new private debt fund which will combine a fund of funds approach with direct investments

Greenwich-based firm set to dissolve following sale of assets to Oaktree
The decision follows the sale of Fifth Street Asset Management's two BDCs to Oaktree

Los Angeles firm takes over Greenwich-based direct lending BDC
Oaktree has taken over management of its newly acquired direct lending unit, which was formerly known as Fifth Street Finance Corp

Oaktree returns to primary market with bespoke low-levered US CLO
The manager has priced its first CLO of the year yesterday, according to market sources

Oaktree finds space for structured credit in new global credit fund
Oaktree Capital Management has shed some light on its eagerly-awaited push into the structured credit market

Oaktree takes over Fifth Street’s BDCs
Oaktree Capital has won the auction to take over Fifth Street Asset Management’s two business development companies

Oaktree set to buy mid-market specialist Fifth Street, reports WSJ
Oaktree Capital Management is leading the chase to buy middle-market US lender Fifth Street Asset Management, according to a report by the Wall Street Journal

MidOcean prepares to dive into CLO tranche investing
There is increasing overlap between CLO managers and investors as New York-based MidOcean Credit Partners eyes structured credit 

Triple-A coupon falls by 31bp as Oaktree resets 2014 US CLO
Oaktree Capital Management has become the latest US CLO manager to reset a deal, after pricing a $454 million transaction yesterday morning.

MUFG completes $451 million CLO refinancing, sources say
MUFG Securities has priced a refinancing of a 2014 vintage US CLO, according to market sources

Oaktree becomes latest manager to price CLO refi in $412.5 million deal
Oaktree Capital Management has joined the long list of managers to complete a CLO refinancing in 2017, after pricing a $412.5 million deal earlier today