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Oaktree Raises Record $2.4 Billion at First Close for Special Situations Fund

Bloomberg Markets
Wednesday, February 11, 2026 at 11:33 PM
~4 min read

Original Report

Oaktree Capital Management LP has secured $2.4 billion in commitments for its latest fund focused on corporate special situations, according to people familiar with the matter, setting a firm record...

Oaktree Capital Management LP has secured $2.4 billion in commitments for its latest fund focused on corporate special situations, according to people familiar with the matter, setting a firm record for that strategy.

Glass House Analysis

Corporate decisions reverberate through local communities—a merger might mean headquarters relocating, a restructuring could eliminate jobs, and strategic shifts affect suppliers and service providers in countless towns. Behind quarterly earnings numbers are real employment decisions, investment choices, and community impacts that shape the economic landscape of regions across the country.

The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.

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