SUBSEQUENT EVENTS |
6 Months Ended |
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Jun. 30, 2017 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | SUBSEQUENT EVENTS Distribution On July 27, 2017, the Company announced a distribution of $1.31 per Class A unit. This distribution, which is related to the second quarter of 2017, will be paid on August 11, 2017 to Class A unitholders of record at the close of business on August 7, 2017. Acquisition On July 13, 2017, the Company entered into a definitive asset purchase agreement under which the Company will become the new investment adviser to two business development companies: Fifth Street Finance Corp. (NASDAQ: FSC) and Fifth Street Senior Floating Rate Corp. (NASDAQ: FSFR). Oaktree will pay $320 million in cash to Fifth Street Management LLC upon the closing of the transaction, which is currently expected to occur in the fourth quarter of 2017. |