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FINANCE: debt specialist sees new hires, bigger office ahead
Newport Beach-based distressed-debt specialist Sabal Financial Group LP plans to expand into lending and boost hiring with money from the sale of a minority stake to Oaktree Investment Holdings LP.
Sabal currently offers underwriting on commercial mortgage-backed securities, valuations, and credit and acquisition consulting, among other services for banks and investors.
It manages a handful of debt portfolios that total more than $2 billion.
Oaktree Investment is part of Los Angelesbased Oaktree Capital Management LP, one the world's largest distressed-debt investors.
Oaktree Capital had more than $80 billion in assets under management through March, according to a filing for a $ 1...