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The French firm has acquired a real estate debt portfolio in the country and a 24-member investment team as it expands its global strategy to deploy capital.
The Los Angeles, California-based firm is now preparing to launch its Oaktree Real Estate Opportunity Fund VIII in 2019.
The fund’s commercial focus differs from its predecessors, which targeted an array of assets.
The firm has received a commitment from the Texas Municipal Retirement System.
Lending in the US is an attractive proposition for European organisations, but fierce competition is already hitting loan margins.
Colony NorthStar has collected a total of $1.3 billion for its fourth real estate debt fund, Colony Distressed Credit & Special Situations Fund IV, Real Estate Capital's sister title PERE has learned.
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