Our principal investment strategies combine traditional private equity with distress-for-control investing. We are flexible and opportunistic, investing at any level of the capital structure and benefiting from Oaktree's unique access to deal flow. The use of leverage is limited.

In addition to our main Principal Opportunities strategy, we also manage strategies that focus on investing in Europe, Asia and power infrastructure. Liquidity and diversification in principal investments are below the levels in our other investment strategies, but we believe the potential returns more than compensate.