Interval Funds
Jul 12. 12:04
Oaktree Capital Management Registers the Oaktree Diversified Income Fund Inc.

Oaktree Fund Advisors, LLC, an adviser operated by major global alternative investment management firm Oaktree Capital Management, registered the Oaktree Diversified Income Fund, Inc. (the "Fund") on 7/09/2021, a closed-end interval fund that will focus primarily on investing in high-yield bonds, senior loans, structured credit, and emerging markets debt, inclusive of both public and private credit sectors both in the U.S. and abroad.
In doing so, the Fund seeks to provide current income and attractive total return to its investors.
The Fund's Prospectus has not yet established a fee structure or minimum initial investments for its two classes of Common Shares, but it suggests that one share class will be available to retail investors. If so, the Fund will be yet another example of closed-end interval funds allowing "regular people" to invest in securities and other private investment vehicles that were previously only accessible by institutions and high-net-worth individuals.
According to Oaktree's website, the firm has operated for 26 years, has over 1,000 employees in offices on 4 continents, and its $153b in managed assets (as of March 2021) represents 67/100 of the largest U.S. pension plans, 80% of U.S. state retirement plans, over 475 corporations globally, and over 300 endowments and foundations globally.
Oaktree provides investors with exposure to a range of strategies, including credit, private equity, real assets, and listed equities. Risk management is a core tenet of their investment philosophy, with the firm stating "if we avoid the losers, the winners will take care of themselves."
This is Oaktree's first foray into the world of closed-end interval funds. The move, by such an established and risk-averse manager, represents a significant vote of confidence for interval funds as a vehicle for alternative investments.
The filing also marks the 15th new interval fund filed in 2021, meaning that this year is still on track to set an all-time record for new interval fund filings.
Paul Hastings LLP serves as the Fund's legal counsel.
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