Howard Marks: ‘deals like this don’t grow on trees’

Oaktree Capital Management wasn’t looking for a partner when Brookfield Asset Management approached it about a deal. Founder Howard Marks talks Isobel Markham and Andrew Hedlund through the transaction, and what lies ahead for private markets

CapitaLand expands fund offerings with $1bn value-add vehicle

The Singapore-headquartered firm has raised a total of $947m for two real estate vehicles, since it first started discretionary fundraising in July.

Flatt and Marks exclusive interviews: How ‘Brooktree’ reshapes the landscape

It’s all in the timing, or is it? We speak with Howard Marks and Bruce Flatt about the deal that has everyone talking.

Bruce Flatt: Oaktree offers relevance at every point in the cycle  

In buying Oaktree and capturing its credit business, Brookfield now has capital to serve its clients at all times, its chief executive Bruce Flatt says.

DOWNLOAD: Highest Q1 fundraising total since GFC

The $39bn raised for closed-end, private real estate funds in the first quarter of the year is the most raised in a first quarter since the global financial crisis. But mega-fundraising once again skewed the numbers.

Why Round Hill sees an opportunity in UK residential debt

The real estate investor has backed the recently launched Hilltop, which aims to lend £125m to SME developers over the next 12 months.

SAREB risks losing momentum by abandoning NPL sales altogether

Spain’s ‘bad bank’ will not put large portfolios of toxic assets up for sale, despite high demand from investors. This refusal might be unnecessary.

GreenOak investors return to its Asia fund series despite founder’s stake sale – Exclusive

The manager has held a first close of $400m for its third pan-Asia fund entirely from re-ups, demonstrating investors’ continued support following the sale of co-founder Fred Schmidt’s stake in the business.

Savills IM names new CEO to drive global expansion

Alex Jeffrey will replace Justin O’Connor, who departed last year, as head of the real estate investment manager.

Nuveen hires CPPIB, Guggenheim execs – Exclusive

The new recruits will lead the US Cities Office Fund and US Cities Industrial Fund, which will launch in late 2019.

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