Brookfield unveils new credit fund for Aussie | Australian Markets

North American alternate options specialist Brookfield Oaktree Wealth Options has launched a new personal credit-focused fund accessible to wholesale Australian buyers.

The launch of the Oaktree Strategic Credit score Fund (AUD) marks the worldwide investment firm’s first open-ended credit strategy for wholesale buyers in Australia.

The fund offers wholesale buyers entry to Oaktree’s strategic credit strategy, offering it says a diversified portfolio of income-generating personal credit investments with selective allocations to public debt, notably during intervals of market dislocation.

The fund requires a minimal investment of $100,000, with estimated management charges of round 1.9% of NAV.

The AUD offering invests the vitually all property within the underlying Oaktree Strategic Credit score Fund, a sub-fund of the BOWSAF Intermediate Fund FCP-RAIF. The underlying fund invests in privately negotiated loans to US corporations, in addition to selective investments in discounted, high-quality public investments.

The underlying fund holds a whole investment pool of $US5.02 billion.

Channel Capital’s subsidiary, Channel Funding Administration Restricted (CIML), has been appointed accountable entity for the fund, marking the primary partnership between the pair.

Brookfield Oaktree Wealth Options head of worldwide Jeremy Corridor welcomed the launch of the fund into the Australian market, noting that native buyers are increrasing looking for to diversify their portfolios with personal credit investments, while additionally gaining the advantages of steady income with long-term capital appreciation potential.

“We look forward to entering the market with a differentiated private credit solution, which adopts a dynamic ‘all weather’ approach to navigate changing credit cycles across the credit continuum globally, backed by Oaktree’s three decades of credit expertise.”

Canadian investment giant Brookfield acquired a majority stake (62%) in Oaktree Capital in 2019 in a more than US$4 billion deal, forming the Brookfield Oaktree Wealth Options model in 2021. The mixed firm oversees more than $1 trillion in property. Oaktree maintains a regional workplace in Sydney.