Former CFOs will be co-presidents of the real estate and corporate credit outfit.
The partnership will use bridge financing to help mid-market assets in Asia and elsewhere to grow and attract more mainstream financing.
The partnership will include Cliffwater, FS Investments and Shenkman Capital Management.
The firm says the new partners will help fuel continued growth of its infra and asset-based credit platform.
The strategy will aim to exploit growing demand for fund finance among the private equity industry.
With the interest rate environment once more the talk of the town, private debt will have to adjust to another new reality.
Oaktree's SSF III has deployed nearly 55% of its nearly $3bn total raised, with investments in companies such as NexGen and TriMark.
Amid the back-and-forth on the proposed banking rules, banks seem committed to a complete withdrawal from below investment grade lending.
Individual investors will demand a more sophisticated customer experience with better ease of access and improved transparency, Hirsch tells PE Hub.
GP and investors may be skittish about racial investment mandates even after the dismissal of a lawsuit claiming that investment programmes targeting underrepresented entrepreneurs represents racial discrimination.