Travers Smith Advises Brookfield Oaktree on Strategic Credit Fund Launch
Deal News | Feb 10, 2025 | Travers Smith
Travers Smith has played a pivotal role in advising Brookfield Oaktree Wealth Solutions on the inauguration of its new strategic credit vehicle, the Oaktree Strategic Credit Fund (SICAV). Under an established umbrella structure in Luxembourg, this semi-liquid fund aims to attract private investors across Europe, Latin America, and Asia-Pacific regions. This launch marks the second evergreen fund from Brookfield Oaktree under this structure, broadening its spectrum beyond the earlier Brookfield Infrastructure Income Fund. The Travers Smith team, led by Will Normand, collaborated with an extensive lineup of experts from various domains including funds, financial services, derivatives, and tax, ensuring a comprehensive advisory service for the fund's development and launch.
Sectors
- Private Equity and Asset Management
- Legal Services
Geography
- Luxembourg – The new Oaktree Strategic Credit Fund is structured under Luxembourg's UCI Part II framework, indicating the fund's regulatory jurisdiction.
- Europe – The OSC Fund will be distributed to private wealth individuals in Europe.
- Latin America – The OSC Fund will also target investors in Latin America.
- Asia-Pacific – Further distribution of the OSC Fund is planned for the Asia-Pacific region.
Industry
- Private Equity and Asset Management – The article discusses the launch of a new fund by a wealth management entity, which is part of the larger private equity and asset management industry.
- Legal Services – Travers Smith, a law firm, provides legal advisory services in the context of fund establishment and management.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Travers Smith LLP | Legal Advisor | Company | A law firm providing legal support for the establishment and launch of the new fund. |
| Brookfield Oaktree Wealth Solutions | Client/Asset Manager | Company | The entity launching the Oaktree Strategic Credit Fund, engaged in private wealth management. |
| Will Normand | Funds Partner and Acting Head of Asset Management | Person | Led the Travers Smith team in advising on the fund launch. |