AlpInvest, HarbourVest lead Oaktree fund revamp

South Carolina Retirement System Investment Commission, private equity, Providence
Vistitors check out the sights around the Angel Oak tree in Charleston, South Carolina September 24, 2013. Massive canopy shades stretching more than 17,000 square feet and a trunk wider than 25 feet in circumference have drawn generations of visitors to the centuries-old live oak tree on an island near historic Charleston. A group aiming to preserve the majestic tree for decades to come is racing against a fall deadline to raise the $1.2 million needed to protect surrounding land from development that environmentalists say would harm the oak's health. REUTERS/Randall Hill (UNITED STATES - Tags: ENVIRONMENT POLITICS) - RTR3FG1E
AlpInvest Partners and HarbourVest Partners are co-leading a secondary process of Oaktree Capital Group’s 2009 special situations fund, two sources told Buyouts. The deal gives investors in Oaktree Principal Fund V the option to cash out or roll their interests ...

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