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.

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.

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

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

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.

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.

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

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.

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

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

Oaktree acquired Aleris International on May 1, 2010.

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

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

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.

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.

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

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

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

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.

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

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.

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

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.

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

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