Oaktree Opportunities Fund XII
Managed by Oaktree Capital Management
Overview
Oaktree Opportunities Fund XII is part of Oaktree’s Global Opportunities platform, the evolution of its flagship distressed-investing strategy. The fund can invest across public and private opportunities, with a mandate that extends beyond traditional single-name distressed credit to privately sourced investments and other opportunities created by market dislocations. The strategy focuses on claims on assets acquired at discounted prices and can participate actively in restructurings intended to restore financially stressed companies to viability.
Founded in 1995, Oaktree Capital Management is an alternative investment manager active across credit, equity and real estate. Its investment approach is opportunistic, value-oriented and risk-controlled, with an emphasis on specialization and fundamental, company-level research. Within credit, Oaktree invests in both liquid and illiquid instruments, including distressed debt and private debt. Its Opportunistic Credit platform evaluates public-market and privately sourced opportunities and emphasizes bottom-up credit analysis rather than macroeconomic forecasting or market timing.
Selected investments
- Ambac Assurance Corporation and Ambac Assurance UK Limited — Through an acquisition vehicle associated with Oaktree Opportunities Fund XII, funds managed by Oaktree acquired these legacy financial guarantee businesses in September 2025.
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