Pelagic Partners revives Oaktree strategy to launch capital fund
Pelagic will sponsor the first deals with the ‘same deal structure, same return exceptions’ approach used to build up Fleetscape for Oaktree
Although the Pelagic fund has no target, ‘you need to be a billion [dollars] plus to be meaningful in this market,’ says Tobias Backer, former Fleetscape founder and the fund’s executive director