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About


Oaktree's mission is to deliver superior investment results with risk under control and to conduct our business with the highest integrity.

Oaktree Capital Management is a leading global alternative investment management firm with expertise in credit strategies. The firm was formed in 1995 by a group of individuals who had been investing together since the mid-1980s in high yield bonds, convertible securities, distressed debt, real estate, control investments and listed equities. Oaktree comprises more than 1,000 employees with offices in Los Angeles (headquarters), New York, Stamford, Houston, London, Paris, Frankfurt, Amsterdam*, Dublin*, Helsinki, Luxembourg*, Dubai, Hong Kong, Tokyo, Singapore, Seoul, Beijing, Shanghai and Sydney. We have 39 portfolio managers with an average experience of 25 years and approximately 1,000 years of combined industry experience.

The firm’s competitive advantages include its experienced team of investment professionals, a global platform and a unifying investment philosophy. This investment philosophy — the six tenets of which are risk control, consistency, market inefficiency, specialization, bottom-up analysis and disavowal of market timing — is complemented by a set of core business principles that articulate Oaktree’s commitment to excellence in investing; commonality of interests with clients; a collaborative and cooperative culture; and a disciplined, opportunistic approach to the expansion of offerings.

As a result of consistent application of our philosophy and principles, Oaktree has earned a large and distinguished clientele. Among Oaktree's global clients are 67 of the 100 largest U.S. pension plans, more than 475 corporations around the world, 40 of the 50 state retirement plans in the United States, over 325 endowments and foundations globally, and 15 sovereign wealth funds.

Our expertise in investing across the capital structure has allowed us to cultivate a diversified mix of global investment strategies in four categories: credit, private equity, real assets and listed equities. Importantly, the expansion of our strategies has been achieved primarily through “step-outs” into highly related fields, based on identifying markets that (a) we believe have the potential for attractive returns, and (b) can be exploited in a manner consistent with the firm’s philosophy focused on risk control.

In 2019, Brookfield Asset Management acquired a majority interest in Oaktree.  Together, Brookfield and Oaktree provide investors with one of the most comprehensive offerings of alternative investment products available today. While partnering to leverage one another’s strengths, Oaktree operates as an independent business within the Brookfield family, with its own product offerings and investment, marketing, and support teams.  To learn more about Brookfield, please visit www.brookfield.com.

*Office of affiliates of Oaktree-managed funds

 

Historical Assets Under Management (AUM)1

 
Global Presence2

Map

 
Clients

Oaktree manages assets on behalf of many of the most significant institutional investors worldwide. Our investor base includes pension plans, insurance companies, endowments, foundations and sovereign wealth funds. Among our clients are 67 of the 100 largest U.S. pension plans, more than 475 corporations around the world, 40 of the 50 state retirement plans in the United States, over 325 endowments and foundations globally, and 15 sovereign wealth funds.

 
Client Mix (by AUM)3, 4

  • ■ Public Funds 21%
  • ■ Insurance Companies 12%
  • ■ Corporate Pensions 11%
  • ■ Sovereign Wealth Funds 10%
  • ■ Intermediary Distribution 9%
  • ■ Private - HNW/Family Offices 8%
  • ■ Corporate 5%
  • ■ Endowments/Foundations 5%
  • ■ Oaktree and Affiliates 5%
  • ■ Fund of Funds 4%
  • ■ Unions 2%
  • ■ Other 8%

 
Regional Mix (by AUM)3, 4

  • ■ Americas 68%
  • ■ Europe, Middle East & Africa 17%
  • ■ Asia Pacific 15%

 
Investment Areas

Oaktree's foremost priority is to provide its clients with superior risk adjusted performance in alternative asset classes. The company invests in closed-end, open-end and evergreen vehicles across four asset classes: credit, private equity, real assets and listed equities. In addition, the company holds an investment in DoubleLine Capital, an investment management firm and registered investment adviser.

Asset Class Mix (by AUM)3, 4

  • ■ Credit 67%
  • ■ Private Equity 13%
  • ■ Real Assets 13%
  • ■ Listed Equities 7%
Investment Areas (by AUM)1, 3 ($ in millions)

Credit

$ 81,512

Distressed Debt
33,670
High Yield Bonds
14,960
Private/Alternative Credit
11,324
Senior Loans
10,351
Multi-Strategy Credit
6,369
Emerging Markets Debt
2,841
Convertible Securities
1,997


Real Assets

$ 15,186

Real Estate
11,677
Infrastructure
3,509


Private Equity

$ 15,134

Corporate Private Equity
9,418
Special Situations
5,716


Listed Equities

$ 8,937

Emerging Markets Equities
7,931
Value/Other Equities
1,006


DoubleLine Capital

$ 27,235


1 References to total "assets under management" or "AUM" represent assets managed by Oaktree and a proportionate amount of the AUM reported by DoubleLine Capital LP ("DoubleLine Capital"), in which Oaktree owns a 20% minority interest. Oaktree's methodology for calculating AUM includes (i) the net asset value (NAV) of assets managed directly by Oaktree, (ii) the leverage on which management fees are charged, (iii) undrawn capital that Oaktree is entitled to call from investors in Oaktree funds pursuant to their capital commitments, (iv) for collateralized loan obligation vehicles ("CLOs"), the aggregate par value of collateral assets and principal cash, (v) for publicly-traded business development companies, gross assets (including assets acquired with leverage), net of cash, and (vi) Oaktree's pro rata portion (20%) of the AUM reported by DoubleLine Capital. This calculation of AUM is not based on the definitions of AUM that may be set forth in agreements governing the investment funds, vehicles or accounts managed and is not calculated pursuant to regulatory definitions.
2 Includes offices of affiliates of Oaktree-managed funds in Amsterdam, Luxembourg and Dublin.
3 All figures presented on this site are as of December 31, 2020, unless noted otherwise.
4 Excludes proportionate amount of DoubleLine Capital AUM.
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