New York City-headquartered Primary Wave and Los Angeles-based Oaktree Capital Management revealed their multimillion-dollar agreement on June 11. The transaction will see Oaktree – which in May of 2020 fronted most of a $260 million loan to Endeavor, per reports – take a minority interest in the 15-year-old publishing company, with a new total of roughly $1.5 billion in capital and holdings under Primary Wave’s management.
Source: Primary Wave Receives $375 Million Investment From Oaktree Capital