Los Angeles, Calif.-based Oaktree Capital Group, LLC has filed paperwork with the Securities and Exchange Commission for an IPO priced at $595 million with Class A units valued between $43 and $46 per share.
The lead underwriters for the IPO include Goldman, Sachs & Co. and Morgan Stanley. Other underwriters include BofA Merrill Lynch, Credit Suisse, Deutsche Bank Securities, J.P. Morgan, BNY Mellon Capital Markets, LLC, Keefe, Bruyette & Woods, Sandler O’Neill + Partners, L.P. SunTrust Robinson Humphrey, Wells Fargo Securities, Sanford C. Bernstein.
Private equity shop Oaktree helped Jeffrey Gundlach set up DoubleLine’s operational infrastructure in December 2009 for a minority equity position. OakTree boasts assets of $74.9 billion as of December 31, 2011.