Oaktree Withdraws IPO Filing

Last year $85 billion debt manager Oaktree Capital registered for an initial public offering of a credit fund. Now the firm has decided not to list the vehicle and withdrawn its application to the US Securities and Exchange Commission.

An IPO may yet happen, perhaps in a different form, but apparently not anytime soon. Oaktree says “it does not intend to pursue the contemplated public offering at this time.”

It had also applied for regulators’ permission for the planned public entity to engage in joint deals with private Oaktree funds. At least one of funds in operation would continue investing through 2014 and have priority in certain ways.

Recently Oaktree withdrew that request as well. Whether and how the SEC responded is not clear.

Separately, Oaktree went public as a company in April.

Tags: NYSE, Oaktree Capital, US Securities and Exchange Commission

This entry was posted on July 17, 2012 at 4:23 pm and is filed under Public Offering, Regulation. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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