Oaktree to take minority stake in Singular
Summary
Howard Marks, Co-Chairman of Oaktree, stated, “We have worked with the people of Singular for seven years. We are very glad to take this next step in extending our relationship and deepening our commitment to Latin America.” “I am pleased to continue our work with the Singular team,” said Daniel Saieh, a Managing Director at Oaktree specializing in distribution of funds in Latin America. “They have been great partners for Oaktree and our clients and I look forward to expanding this important relationship throughout the region.” Singular will continue to operate independently. Singular Chairman Pablo Jaque said, “We are thrilled to partner ever more closely with Oaktree. For additional information, please visit Oaktree’s website at http://www.oaktreecapital.com/ About Singular Singular is an asset management company based in Chile bringing a long track-record in managing institutional money to the Latin American market and extensive experience as Oaktree strategies’ institutional distributor in the region.
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