Oaktree Buys Iberian Real Estate Lender Xenia Capital

Funds managed by Oaktree Capital Management have completed the acquisition of Iberian real estate lender Xenia Capital.

Oaktree is buying the platform and its existing loan portfolio from Pacific Investments, the multi-asset fund management group established by John Beckwith, according to a statement issued by Xenia on Tuesday.

Xenia and Oaktree already have a venture that’s co-invested over €220 million ($251 million) in Spanish real estate loans, it said.

Xenia’s Chief Executive Officer Rory Buchanan and managing partner Gozala Barrios will maintain equity stakes as part of the deal, the financial terms of which were not disclosed, it ...