ADVERTISEMENT

Last Updated:
2024-04-03 20:59:53

Oaktree Capital Management

Global asset management firm specializing in alternative investments.
Global asset management firm specializing in alternative investments.

Oaktree Capital Management, Inc. was co-founded in 1995 by a group from TCW Group. In 2019, Brookfield Asset Management acquired 62% of the company for $4.7 billion.

Community for Timeline Editors
Place where unique editors like you interact
1995-04
Foundation of Oaktree Capital Management

Oaktree Capital Management was established in April 1995 in Los Angeles, California. It is an independent investment management firm that specializes in alternative and inefficient investment markets.

1996
Sub-advisor for Vanguard Convertible Securities Fund

In 1996, Oaktree was chosen as the sub-advisor for the Vanguard Convertible Securities Fund, marking a significant milestone in its growth and reputation in the investment management industry.

1997
Introduction of Emerging Markets Absolute Return Strategy

Oaktree introduced the Emerging Markets Absolute Return strategy in 1997 as part of its expansion into new investment strategies, particularly focusing on emerging markets.

1999
Expansion into European and Asian Markets

Between 1997 and 1999, Oaktree expanded its strategies by entering European and Asian markets. It introduced European High Yield Bonds and Power Opportunities strategies in 1999.

2001
Introduction of Mezzanine Finance by Oaktree

In 2001, Oaktree introduced new 'step-out' strategy called Mezzanine Finance.

2002-04-26
TCW's Deal with Oaktree Capital

In April 26, 2002, TCW struck a deal with Oaktree Capital to manage and liquidate roughly $2.6 billion in assets managed by Oaktree's executives, Karsh and Masson.

2004
Sale of Loews Cineplex Entertainment Corp.

Oaktree Capital, along with Onex, sold the Loews Cineplex Entertainment Corp. for $1.46 billion, doubling their initial investment and showcasing the success of their investment strategy.

2005
Securities And Exchange Commission fine

In 2005, the Securities And Exchange Commission ordered Oaktree to pay a fine, interest, and disgorge profits for violating short selling rules.

2007-08
Oaktree raises largest distressed debt fund in history

During the financial crisis of 2007–08, Oaktree raised $10.9 billion, the largest distressed debt fund in history, to buy distressed assets, which proved to be highly profitable for investors.

2008
Oaktree raised $11 billion for distressed debt fund

In 2008, Oaktree successfully raised $11 billion for their distressed debt fund.

2009
Oaktree selected for Public-Private Investment Program

In 2009, Oaktree was chosen by the U.S. Treasury to participate in the Public-Private Investment Program (PPIP) along with other investment managers.

2010-05-01
Aleris International Acquisition

Oaktree acquired Aleris International on May 1, 2010.

2011-11
Oaktree starts European Principal Fund III

In November 2011, Oaktree initiated its European Principal Fund III with a focus on investment opportunities arising from the European sovereign-debt crisis.

2012-04
Oaktree became a public company

In April 2012, Oaktree Capital Management became a public company through an initial public offering on the New York Stock Exchange, raising $380 million.

2012-04-12
Oaktree becomes publicly traded partnership on NYSE

On April 12, 2012, Oaktree transitioned to a publicly traded partnership with shares listed on the New York Stock Exchange (NYSE), moving from the GSTrUE exchange.

2013-10-03
Regulation by Financial Conduct Authority

Oaktree Capital Management is authorized and regulated by the Financial Conduct Authority in England, with registration number OC363917, ensuring compliance with financial regulations in the UK.

2015-04-29
MediaWorks New Zealand Acquisition

Oaktree acquired a controlling 77.8% share in MediaWorks New Zealand on April 29, 2015.

2017
Eaton Vance launches Oaktree Diversified Credit NextShares fund

In 2017, Eaton Vance introduced the Oaktree Diversified Credit NextShares exchange-traded managed fund with Oaktree as the subadvisor.

2018-12-31
Performance of Oaktree PPIP Fund, L.P.

As of December 31, 2018, the Oaktree PPIP Fund, L.P. had a gross return of 28%.

2019-03
Brookfield Asset Management acquired majority of Oaktree

In March 2019, Brookfield Asset Management acquired 62% of Oaktree Capital Management. Howard Marks and other members of Oaktree own 38% of the company and have full control of its operations.

2019-03-13
Brookfield Asset Management Acquires 62% of Oaktree Capital Management

On March 13, 2019, Canada's Brookfield Asset Management announced the acquisition of 62% of Oaktree Capital Management for approximately $4.7 billion.

2023-12-31
Reporting Date of Figures

All the figures presented on Oaktree Capital Management's site are as of December 31, 2023, unless specified otherwise, providing up-to-date information on their financial status.

2024-03-14
Meet Oaktree’s New Co-CEOs: Armen Panossian and Robert O’Leary

An educational event introducing Oaktree's new Co-CEOs, Armen Panossian and Robert O’Leary.

2024-03-19
Discussion at NEXUS on interest rates and investing

On March 19, 2024, Howard Marks, the Co-Chairman of Oaktree, participated in a discussion at NEXUS with Robin Blumenthal from News_PDI. The discussion covered topics such as interest rates, public and private credit investing, and the changing market landscape.

2024-03-21
The Archive: You Bet!

A memo or communication from Oaktree with the title 'You Bet!'

2024-03-28
Top Takeaways from Oaktree’s Quarterly Letters

A summary of the key points from Oaktree's quarterly letters in March 2024.

End of the Timeline
Oaktree Capital Management

Information

Oaktree Capital Management

Global asset management firm specializing in alternative investments.
Last Updated:

🫵Contribute to this content!
Your input benefits people around the world
See something to add or edit? Simply click the edit button below to make a difference! All you need is a quick sign in.
💬Join our discord community!
Connect and collaborate
Become part of our vibrant community! Share your thoughts, ask questions, and connect with other passionate editors.
Join Discord

Event

Last Updated:

🫵Contribute to this content!
Your input benefits people around the world
See something to add or edit? Simply click the edit button below to make a difference! All you need is a quick sign in.
💬Join our discord community!
Connect and collaborate
Become part of our vibrant community! Share your thoughts, ask questions, and connect with other passionate editors.
Join Discord
Become an Editor of Timeline Wiki
Become an Editor of
Timeline Wiki
USD $0 for creating and editing infinite number of timelines after sign up.