Oaktree raises €932m

View the latest capital raises

Oaktree Capital Management has raised €932 million for its Oaktree European Principal Fund IV, per a SEC filing. The Los Angeles-headquartered firm began fundraising in 2015 with an undisclosed target.

Its previous fund raised $3.2 billion in 2011.

The fund will target distressed opportunities in a diverse number of sectors in Europe.