Oaktree Capital and Veleta Capital formed a joint venture.

Private equity firms Oaktree Capital and Veleta Capital formed a joint venture, a premier institutional lending platform for multifamily and commercial real estate assets. Financial terms were not disclosed. "We are excited to partner with Oaktree to create Veleta Capital Partners, the first vertical in a planned series of real estate lending and investment strategies. Short-term, value-add, and opportunistic lending will always be core to Veleta Capital’s strategy, and this partnership with Oaktree is a significant step toward our goals of including more comprehensive lending and technology solutions, new verticals, and strategic alliance initiatives. We have already seen the value of combining our experienced team and strategic relationships with Oaktree’s access to capital, resources, and expertise, and look forward to the opportunities ahead," Brian Murphy, Veleta Capital Managing Partner and CEO.