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Oaktree Closes $1.8 Billion in Leveraged Loan Vehicles

Paul, Weiss client Oaktree Capital Management, L.P.'s (Oaktree) Oaktree Enhanced Income Fund (EIF), a private equity fund investing in leveraged loan assets, closed Oaktree Enhanced Income Funding Series III, Ltd., a $655.2 million collateralized loan-type obligation. This is EIF's third fund series, having already closed the $379.5 million Oaktree Enhanced Income Funding Series I, Ltd. on October 26, 2012 and the $761.6 million Oaktree Enhanced Income Funding Series II, Ltd. on March 28. Wells Fargo Securities, LLC, Mitsubishi UFJ Securities (USA), Inc., and GreensLedge Capital Markets LLC acted as placement agents.

The Paul, Weiss team included corporate partner Eric Goodison; funds partner Marco Masotti; tax partner Richard Bronstein; and employee benefits partner Robert Fleder and counsel Erin Murphy.

June 27, 2013

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