Reuters: Market News: UPDATE 1-Oaktree Capital sees IPO priced at $43-$46/unit

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UPDATE 1-Oaktree Capital sees IPO priced at $43-$46/unit Mar 30th 2012, 11:20 March 30 | Fri Mar 30, 2012 7:20am EDT March 30 (Reuters) - Private equity asset managing firm Oaktree Capital Group filed its IPO terms on Friday, more than nine months after it first disclosed its plans to go public. The investment management firm, which focuses on alternative markets, said it expects its offering of 11.3 million Class A units to be priced between $43 and $46 apiece. The firm, which had more than $74.9 billion in assets under management as of Dec. 31, now plans to raise upto $595 million from its planned IPO. In June last year, Oaktree Capital filed with U.S. Securities and Exchange Commission to raise up to $100 million in an IPO of its class A units. In its latest filing, Los Angeles-based Oaktree added BofA Merrill Lynch, Credit Suisse, Deutsche Bank, J.P. Morgan and six others to its list of underwriters. Goldman Sachs and Morgan Stanley are acting as the representatives of the underwriters.

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