Travers Smith LLP has advised Brookfield Oaktree Wealth Solutions on the establishment and launch of its semi-liquid strategic credit fund, Oaktree Strategic Credit Fund (SICAV), under its existing Luxembourg UCI Part II umbrella structure.
Following a successful 1 February 2025 launch, the OSC fund will continue to be distributed to private wealth individuals in Europe, Latin America and Asia Pacific via the Brookfield Oaktree Wealth Solutions platform. OSC is the second evergreen fund launched by Brookfield Oaktree Wealth Solutions under its UCI Part II umbrella, following Brookfield Infrastructure Income Fund which was first launched in 2022 as a Reserved Alternative Investment Fund (RAIF) and laterally relaunched as a UCI Part II fund in April 2024, opening up its potential investor base.
The Travers Smith team was led by Funds Partner and Acting Head of Asset Management, Will Normand, with support from Funds Associates Ruby Davies and George Fox. Support was also provided by Financial Service & Markets Partner Michael Raymond, Head of Derivatives and Structured Products Jonathan Gilmour, Tax Senior Associate Aimee Hutchinson, Financial Services & Markets Associate Ibrahim Chaudhary and Derivatives and Structured Products Associate Nick Morgan.
