Oaktree Direct Lending Fund (Parallel), L.P. is a private equity fund based in Los Angeles, California. According to its most recent Form D, filed Jan 31, 2023, it has sold $238,000,000 of interests to 7 investors since its first sale in Jan 2022. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(c), which permits general advertising to investors verified as accredited. Related persons named in the filing include Howard Marks; Oaktree Direct Lending Fund GP, L.P; John Frank.
- Total raised
- $238,000,000Cumulative sales reported on Form D
- Investors
- 7
- First sale
- Jan 31, 2022
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(c)May advertise; investors must be verified as accredited
- Key people and entities
- Howard Marks; Oaktree Direct Lending Fund GP, L.P; John Frank
- Latest Form D
- Jan 31, 2023
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Returns are not part of SEC filings. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Oaktree Direct Lending Fund (Parallel), L.P.
What is the minimum investment for Oaktree Direct Lending Fund (Parallel), L.P.?
Oaktree Direct Lending Fund (Parallel), L.P.'s latest Form D, filed Jan 31, 2023, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Oaktree Direct Lending Fund (Parallel), L.P.?
Oaktree Direct Lending Fund (Parallel), L.P. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(c), so it may advertise, but every investor must be verified as accredited.
How much has Oaktree Direct Lending Fund (Parallel), L.P. raised?
Oaktree Direct Lending Fund (Parallel), L.P. reports $238,000,000 sold from 7 investors on its Form D filed Jan 31, 2023. This is cumulative sales since the offering began, not current assets or performance.
Where is Oaktree Direct Lending Fund (Parallel), L.P. based?
Oaktree Direct Lending Fund (Parallel), L.P. is based in Los Angeles, California.
When did Oaktree Direct Lending Fund (Parallel), L.P. launch?
Oaktree Direct Lending Fund (Parallel), L.P. reports its first sale in Jan 2022.
Size compared with every private equity fund
Raised more than 92% of the 1,744 private equity funds based in California, and more than 83% of all 8,896 that report sales.
Other funds with the same team
- Oaktree Special Situations Fund IV, L.P.$1.3B
- Oaktree Special Situations Fund IV (Parallel), L.P.$968M
- Oaktree Asset-Backed Finance Fund, L.P.$951M
- Oaktree Real Estate Debt Fund IV, L.P.$565M
- Oaktree Blue Credit 1 Investment Fund, L.P.$390M
- Oaktree Asset-Backed Finance Fund (Parallel), L.P.$321M
- Oaktree Lending Partners Feeder (Unlevered) (Parallel) (ICI), L.P.$250M
- Oaktree Special Situations Fund IV Feeder (DE), L.P.$138M