Oaktree explores $2.7bn exit options for UK wealth manager Utmost

Oaktree Capital Management is exploring a sale or London initial public offering of Utmost Group that could value the company at approximately £2bn, equivalent to around $2.7bn, according to Bloomberg

Oaktree is close to selecting advisers to steer a potential transaction. Deliberations remain at an early stage and could still change. Representatives for both Oaktree and Utmost declined to comment.

Founded in 2013, Utmost provides insurance-based wealth management solutions to affluent clients and reported £116.3bn in assets under administration at th…