Oaktree Plans Special Situations Fund as Tariff Threats Grow

Oaktree Capital Management LP is seeking investors for its latest fund focusing on corporate special situations, according to people familiar with the matter, as a global trade war darkens the outlook for businesses.

The Oaktree Special Situations Fund IV may reach about $4 billion, said the people, who asked not to be identified because the matter is private. The previous vintage of this strategy raised $3 billion, they said.

The fund will invest in assets such as distressed debt, structured equity or direct equity, the people said. The move comes as the imposition of tariffs between major global economies threatens ...