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Opportunity, indeed. Oaktree Capital Management announced that it closed its $15.9 billion Oaktree Opportunities Fund XI, exceeding the $15 billion target and becoming the company’s largest fund to date.

The fund is focused on “an attractive mix of opportunities that are diversified across geographies, sectors and asset classes,” as the company’s press release states. The investment charter allows the fund to consider “the most attractive public and private investments worldwide,” with “private opportunities offer a compelling risk/reward profile.”

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