Oaktree Capital Management Commits $1 Billion to New Investment Firm Cobblers Cove Capital

Oaktree Capital Management, a subsidiary of Brookfield Asset Management, has committed $1 billion to the establishment of Cobblers Cove Capital, a new investment firm in Charleston, S.C. Led by Matt Perkal and Ben Fader-Rattner, Cobblers Cove will focus on North American public and private markets, including control acquisitions and corporate carve-outs. Oaktree plans to co-invest with Cobblers Cove in future deals, building on their previous partnership in the acquisition of Family Dollar.