Wash. Board Approves Up To $800M For KKR, Oaktree Funds

Law360, New York (February 17, 2012, 2:40 PM EST) -- The Washington State Investment Board has approved commitments of up to $400 million each to funds sponsored by private equity giants KKR & Co. and Oaktree Capital Management LP, a spokeswoman for the board said Friday.

The board approved the commitments and set investment ceilings for them at a meeting Thursday, according to spokeswoman Liz Mendizabal. The allocations are for KKR Asia Fund II LP and Oaktree Opportunities Fund IX LP, a debt restructuring investment vehicle.

The exact size of the allocations was not determined at...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.