Oaktree Capital Management and Lane42 Investment Partners completed a $500m investment in Avocet Partners.

Oaktree Capital Management, a global asset management firm, and Lane42 Investment Partners, an alternative asset management firm, completed a $500m investment in Avocet Partners is a insurance-focused investment and operating platform. "Lane42 is pleased to support Jagan and the Avocet team as they work to create a leading, differentiated life and annuity platform that meets the growing needs of the market. Under the leadership of seasoned, accomplished insurance executives and with the acquisition of EMC Life providing the foundation, Avocet is positioned for meaningful, sustained growth," Trevor Winstead, Lane42 Partner.