Oaktree Capital Management to invest $900m in FourPass Energy.

Oaktree Capital Management, an American funds manager, agreed to invest $900m in FourPass Energy, an oil and gas operating company. “Having participated in the A&D market over the past seven years, we understand the opportunity set requires a sizable equity commitment as well as flexibility and creativity when structuring transactions. Our partnership with Oaktree fulfills each of these requirements, which will be a key differentiator for us. We have built a strong acquisition and operations team with this opportunity in mind, and we’re proud to have Oaktree partner with us in this endeavor,” Ben Jackson, FourPass Energy CEO.