Through the fund, Oaktree Capital Management will invest in the distressed debt of large, fundamentally sound but overleveraged companies on a global basis. The firm often takes a leadership role in the restructuring process but not an equity or control position in the reorganized company. Oaktree Capital Management collected $10.9 billion for
In late May, Alaska approved a new private equity investment policy resolution that includes a $500 million commitment for its fiscal year 2010, which began July 1, 2009. The amount will be divided between Boston-based
The Alaska Permanent Fund Corp.’s target allocation to private equity is 6 percent, with a range of 1 percent to 11 percent. The actual private equity allocation stood at 2.3 percent, as of May 31. Private equity commitments made in 2008 include those to
The Alaska Permanent Fund has $31 billion in assets under management.