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Oaktree ready for new shipping investments

US-based private equity fund Oaktree has earmarked USD 10.2 billion for investments in Europe. This capital will be used especially for investments in shipping and real estate, according to Bloomberg.

The world's largest private equity fund investor in shipping, US-based Oaktree, is ready to make further investments in European shipping. The fund has already left its mark on Torm, Hansa Heavy Lift and Rickmers Group, but Oaktree is now looking to get even further into shipping, according to Bloomberg.

The fund has USD 10.2 billion ready for the investments. Frank John, managing principal at Oaktree, tells Bloomberg that the fund expected a bigger amount of bad loans being offloaded by European banks.

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