THE OAKTREE STORY

Oaktree was founded in April 1995 by Howard Marks, Bruce Karsh, Steve Kaplan, Larry Keele, Richard Masson and Sheldon Stone. These Oaktree principals joined together beginning in the mid-1980s to manage high yield bonds, convertible securities, distressed debt and principal investments.

Today, Oaktree is comprised of nine principals and over 465 staff members in Los Angeles (headquarters), New York, Stamford (Connecticut), Frankfurt, London, Luxembourg*, Beijing, Hong Kong, Seoul, Shanghai, Singapore and Tokyo.

*Office of affiliates of Oaktree-managed funds
OAKTREE'S HISTORY
1978
Howard Marks begins managing high yield bond and convertible securities funds at Citibank
1985
Howard Marks and Sheldon Stone move to TCW
1988
Bruce Karsh and Richard Masson begin managing distressed debt
1989
High Income Convertibles strategy initiated
1994
Principal Opportunities, International Convertibles and Real Estate Opportunities are organized as separate strategies
1995
Oaktree is founded with offices in Los Angeles and New York
1998

Emerging Markets strategy added

Singapore and Tokyo offices opened
1999

European High Yield Bond strategy initiated

Power Opportunities organized as separate strategy out of Principal Opportunities

London office opened
2001
Mezzanine Finance strategy established
2004

High Yield Plus strategy created

Frankfurt office established
2005

Japan Opportunities strategy created

Hong Kong office opened
2006

Strategy expansion continues with Asia Principal Opportunities, European Principal Opportunities and European Credit Opportunities

Stamford office established

Luxembourg office opened by affiliates of Oaktree-managed funds
2007

Beijing office established

Value Opportunities strategy created

Oaktree acquires Pangaea Capital Management, L.P. with offices in Seoul, Shanghai, Singapore and Tokyo

Senior Bank Loans strategy initiated

Asia Real Estate Opportunities strategy established

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Our strategies span less efficient markets and alternative investments.
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