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January 23, 2026
All Female Kirkland Funds Team Represents Oaktree on Successful Final Close of Oaktree Opportunities Fund XI at $16 Billion

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- Kirkland & Ellis advised Oaktree Capital Management on the final close of Oaktree Opportunities Fund XI and related vehicles, securing total capital commitments of $15.9 billion, surpassing the original $15 billion target
- Opps XI is Oaktree’s largest fund to date, with approximately 70% of its capital already invested or committed across various geographies, sectors, and asset classes
- The Kirkland team was led by investment funds partners Erica Berthou, Katrina Rowe, and Jean Jeong.
Kirkland & Ellis advised Oaktree Capital Management, L.P., a leader among global investment managers specializing in alternative investments, on the successful final close of Oaktree Opportunities Fund XI and its related vehicles (“Opps XI”), with total capital commitments of $15.9 billion. Opps XI is Oaktree’s largest fund in history, exceeding its original target of $15 billion. To date, the Fund has invested or committed to invest approximately 70% of its capital in an attractive mix of opportunities that are diversified across geographies, sectors and asset classes. Read the Oaktree press release The Kirkland team was led by investment funds partners Erica Berthou, Katrina Rowe and Jean Jeong, with the core investment funds team comprised entirely of women lawyers.
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