Oaktree Capital to invest $166m in AZ Next Generation Advisory.

Oaktree Capital, a global investment manager, agreed to invest $166m in AZ Next Generation Advisory, a professional advisory firm. “AZ NGA and the leadership team have established themselves as the growth and succession partner of choice for high performing financial planning and accounting firms. Oaktree has invested in financial services platforms globally, such as Ascot Lloyd and Atomos, and we look forward to enhancing AZ NGA’s strong market position and sharing Oaktree’s seasoned investment philosophies to deliver even greater value to AZ NGA’s retail and wholesale clients. We will work together to achieve our shared vision of AZ NGA as Australia’s leading consumer financial services advisory firm,” Byron Beath, Oaktree Managing Director.