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 Now the firm has decided not to list the vehicle and withdrawn its application to the US Securities and Exchange Commission.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.

Advertisements

Tags: , ,

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s


%d bloggers like this: