Distressed debt and real estate investor
Oaktree will use part of the proceeds from the offering to acquire Oaktree Operating Group units from its affiliate Oaktree Capital Group Holdings LP, it said in a filing with the U.S. Securities and Exchange Commission. The planned listing of Oaktree follows the debut of another private equity asset managing firm,
Private equity firm
The company did not reveal how many shares it planned to sell or their expected price. It plans to list its Class A units on the New York Stock Exchange under the symbol “OAK.” The amount of money a company says it plans to raise in its first IPO filings is used to calculate registration fees. The final size of the IPO can be different.
(Aditi Sharma is a correspondent for Reuters news service in Bangalore; additional reporting by Megan Davies in New York.)