Distressed debt heavyweight Oaktree Capital Management and an Australian property investor have teamed up to take on Evans Dixon’s beleaguered US Masters Residential Fund (URF).
Street Talk understands that Oaktree and its partner lobbed a comprehensive and confidential restructure proposal to URF about a fortnight ago, and have been seeking follow-up talks with the ASX-listed fund’s management and board.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
