Oaktree Strategic Credit Fund, a non-traded business development company, has raised $300 million in equity proceeds for its continuous public offering.

The fund will deliver Oaktree Capital Management‘s credit expertise by investing in private credit opportunities.

“In private credit, skill and hard work can meaningfully differentiate outcomes for investors,” said Armen Panossian, Oaktree’s head of performing credit. “Oaktree Strategic Credit Fund showcases the full scope of our private credit platform offering investors exposure to difficult to access areas of the credit market by investing in businesses we believe are healthy and have a low correlation to market cycles.”