Oaktree Capital fund buys Harcourt Development debt

Global fund Oaktree Capital has acquired a debt attached to Harcourt Developments.

Global fund Oaktree Capital has acquired a debt attached to Harcourt Developments, the Irish property giant controlled by developer Pat Doherty.

Company filings show that a Luxembourg company linked to Oaktree has taken charges over a number of Harcourt’s assets, including its Liberty Wharf scheme in St Helier in Jersey, a large office and shopping centre development worth around stg£63 million.

Oaktree had been linked with a debt deal for Harcourt previously. However, ...