Brookfield Oaktree Wealth Solutions has launched its first open-ended credit fund in Australia aimed at wholesale investors.

The Oaktree Strategic Credit Fund features a diversified portfolio of income-generating private credit investments with selective allocations to public debt, particularly during periods of market dislocation.

It is Brookfield Oaktree’s first private credit fund for the Australian wealth market.

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“Australian investors are looking to private credit investments to diversify their portfolio and generate stable current income with long-term capital appreciation potential,” said Jeremy Hall (pictured), head of international at Brookfield Oaktree Wealth Solutions.

“We look forward to entering the market with a differentiated private credit solution, which adopts a dynamic ‘all weather’ approach to navigate changing credit cycles across the credit continuum globally, backed by Oaktree’s three decades of credit expertise.”

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The fund is managed by Oaktree and distributed by Brookfield Oaktree Wealth Solutions.

Brookfield and Oaktree manage more than $1tn (£0.8tn) in combined assets, invested across a range of liquid, semi-liquid and private strategies across real estate, infrastructure, credit and private equity.

Channel Investment Management is acting as the responsible entity and investment manager for the fund.

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