What Oaktree Capital Management, L.P. does

Oaktree Capital Management, L.P. is a Los Angeles-headquartered global alternative investment manager founded in 1995 by Howard Marks and Bruce Karsh. The firm specializes in three core strategy areas: Credit (investing in both liquid and illiquid instruments including high yield bonds, leveraged loans, CLOs, distressed debt, direct lending, mezzanine, and asset-backed lending), Equity (private equity, special situations, and listed equities across multiple regions and sectors), and Real Estate (leveraging a global footprint and multi-disciplinary capabilities). Oaktree distributes products through a multi-jurisdictional network spanning 13+ cities across the US, UK, Luxembourg, Japan, Hong Kong, China, Singapore, South Korea, India, Australia, UAE, and Switzerland, with regulated affiliates authorized by the FCA, CSSF, and JFSA.

The firm earns revenue through two primary streams: management fees calculated as a percentage of AUM across its various funds (subscription/recurring), and performance fees structured as carried interest tied to investment returns. Products are offered exclusively to accredited investors through Oaktree's FINRA-registered broker-dealer subsidiary, OCM Investments, LLC, and via a multi-vehicle public product ecosystem including the Oaktree Specialty Lending Corporation BDC, Oaktree Diversified Income Fund (ODIDX), Oaktree Emerging Markets Equity Fund (OEQIX), Oaktree Real Estate Income, Oaktree SICAV Funds (Luxembourg), Oaktree Strategic Credit Fund, and Oaktree Acquisition Corporation. Distribution is conducted through direct institutional sales targeting pension funds, endowments, sovereign wealth funds, insurance companies, and foundations, supplemented by Brookfield Private Wealth for high net worth individuals following the parent company's acquisition.

In August 2026, Brookfield Corporation completed its acquisition of Oaktree, integrating the firm as the core of Brookfield's credit platform. Howard Marks continues to serve as Co-Founder and Director of Brookfield Corporation, with operational leadership now held under a Co-CEO structure (Brook Hinchman and Matt Wilson). Brookfield Oaktree Holdings, LLC (formerly Oaktree Capital Group, LLC) serves as the publicly-listed holding entity. The firm maintains a content and thought leadership platform including Howard Marks' widely-read investment memos (translated into Japanese, Korean, Simplified Chinese, and Traditional Chinese), 'The Memo by Howard Marks' podcast, 'The Flip Side' market commentary podcast, and an annual client conference, anchoring its brand among institutional allocators globally.

Name

Oaktree Capital Management, L.P.

Legal name

Oaktree Capital Management, L.P.

Website

https://oaktreecapital.com

Company type

Private

Founded year

1995

Operating status

Operating

Short description

Oaktree Capital Management is a global alternative investment manager founded in 1995, offering credit, equity, and real estate strategies to institutional investors (pension funds, endowments, sovereign wealth funds) and high net worth individuals through multiple public and private fund vehicles. Now a wholly-owned subsidiary of Brookfield Corporation, it operates from 13+ global offices and earns revenue through AUM-based management fees and carried interest.

Ownership category

akta.pro rank

Product category

Alternative Asset Management

NAICS

Portfolio Management and Investment Advice (52394), Other Financial Vehicles (52599), Nonresidential Property Managers (531312)

SIC

Investment Advice (6282), Miscellaneous Business Credit Institution (6159), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Corporate Finance & Capital Advisory (BPAHADAB)

akta.pro secondary industries

Real Estate Debt & Mortgage Strategies (FSAAAKAC), Equity Capital Advisory (Private Equity Placements, Growth Capital) (BPAHAOAE)

Keywords

• Alternative investment management
• Credit investment strategies
• Private equity investing
• Real estate investment
• Institutional asset management

Headquarters

HQ city

Los Angeles

HQ country

United States

HQ region

North America

Offices13 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure, Others

Revenue model

1. Management Fees: Oaktree earns management fees based on assets under management (AUM) across its various credit, equity, and real estate funds. As an alternative investment manager, fees are typically charged as a percentage of committed or invested capital.
2. Performance Fees (Carried Interest): The firm earns incentive/performance fees tied to investment returns, typically structured as carried interest from fund profits, aligned with institutional investor interests.

Go-to-market motion1 record

Distribution channels6 records

Marketing channels10 records

Core offering

Oaktree Capital Management is a global alternative investment manager that invests across credit, equity, and real estate strategies on behalf of institutional and accredited investors. The firm earns management fees on assets under management and performance fees (carried interest) from credit instruments (high yield bonds, senior loans, CLOs, direct lending, distressed debt, mezzanine, asset-backed lending), equity strategies (private equity, special situations, listed equities), and real estate.

Product overview

Oaktree Capital Management offers a broad range of alternative investment products across three core strategies: Credit (investing in liquid and illiquid instruments), Equity (private equity, special situations, and listed equities), and Real Estate. The firm provides multiple public investment vehicles including the Oaktree Specialty Lending Corporation, Oaktree Diversified Income Fund (ODIDX), Oaktree Emerging Markets Equity Fund (OEQIX), Oaktree Real Estate Income, Oaktree SICAV Funds, Oaktree Strategic Credit Fund, and Oaktree Acquisition Corporation. Oaktree operates as part of Brookfield's credit platform, delivering superior investment results through Credit, Equity, and Real Estate strategies to institutional and public investors worldwide.

Differentiator

Problem solved

Functional benefit

Brands

• Oaktree Capital Group: Former name now operating as Brookfield Oaktree Holdings, LLC
• Oaktree Credit
• Oaktree Equity
• Oaktree Real Estate
• The Memo by Howard Marks

Products and services

• Credit Strategies Credit strategies invest in both liquid and illiquid instruments, sourced directly from borrowers and via public markets, spanning high yield bonds, senior loans, CLOs, opportunistic credit, direct lending, distressed debt, mezzanine lending, and asset-backed lending. Offered to institutional investors and accredited investors as defined under the Securities Act of 1933.
• Equity Strategies Equity strategies focus on a broad range of regions and market sectors across traditional private equity, special situation opportunities, and listed equities. Offered to institutional investors and accredited investors.
• Real Estate Strategies Real estate platform capitalizing on Oaktree's global footprint, multi-disciplinary capabilities, extensive network of industry experts, and key relationships with operating partners. Offered to institutional investors.
• Oaktree Specialty Lending Corporation Publicly traded specialty lending corporation offering investment solutions to individual and institutional investors.
• Oaktree Diversified Income Fund Inc. (ODIDX) Diversified income fund providing investment solutions to investors.
• Oaktree Emerging Markets Equity Fund (OEQIX) Emerging markets equity fund targeting growth opportunities in developing economies.
• Oaktree Real Estate Income Real estate income fund focused on generating consistent income from real estate investments.
• Oaktree SICAV Funds Luxembourg-based SICAV fund structure offering regulated investment products for global investors.
• Oaktree Strategic Credit Fund Strategic credit fund providing exposure to private credit opportunities to investors.
• Oaktree Acquisition Corporation Acquisition corporation focused on identifying and executing merger and acquisition opportunities.
• Client Portal Secure online portal for clients and investors to access their investment information, portfolio statements, and investment documents.

Quantifiable outcome

• Oaktree's AUM 'only' doubled over the last decade - more conservative growth than peers, allowing for disciplined underwriting
• +3 more outcomes

Named customers8 records

Segments5 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Three partnerships are on record, tiered core and minor.

• Brookfield Private WealthcoreChannel Partner/ Reseller/ DistributorBrookfield Private Wealth distributes Oaktree investment products to high net worth individual investors as part of Brookfield's wealth management solutions.
• OCM Investments, LLCcoreChannel Partner/ Reseller/ DistributorSubsidiary of Oaktree Capital Management, L.P. and Member FINRA. Handles securities offerings and distribution of Oaktree investment products to accredited investors.
• 17CapitalminorStrategic or Co-development PartnerListed as an Other Investor partner on Oaktree's website, suggesting a co-investment or strategic relationship in the private credit/investment space.

Scale indicators10 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Ares Management: Public alternative asset manager with a credit-led platform (direct lending, liquid credit, real estate debt) and publicly traded BDCs/REITs — the most direct structural and product-level comp to Oaktree's credit-heavy, multi-vehicle model.
• TPG Inc. Public alternative asset manager with credit, private equity, real estate, and impact strategies — comparable multi-strategy alternatives platform competing for similar institutional and private wealth allocations.
• KKR & Co. Public alternative asset manager with credit, private equity, real assets, and insurance (Global Atlantic) — closely comparable multi-strategy alternatives platform competing for similar institutional mandates.
• Carlyle Group: Public alternatives firm with credit, private equity, and real estate franchises — a long-standing competitor in the global institutional alternatives marketplace.
• Apollo Global Management: Public alternative manager with massive credit and private equity franchises including Athene, alongside flagship hybrid value funds. Direct alternative-investment comp in scale, credit focus, and multi-strategy breadth.
• Blackstone (Blackstone Credit): Largest alternatives manager; Blackstone Credit is a directly comparable credit franchise spanning direct lending, mezzanine, and liquid credit, alongside private equity and real estate — Oaktree's three strategy buckets mirror Blackstone's structure.
• Bain Capital: Private alternatives manager with credit, special situations, real estate, and private equity franchises — comparable in strategy mix and institutional fundraising focus, with adjacent corporate-finance and capital-advisory positioning.

Broad incumbents

• PIMCO: Large incumbent credit manager (public and private) with institutional fixed-income heritage; competes with Oaktree across liquid and private credit mandates globally.
• Brookfield Asset Management: Parent-affiliate platform and the broader alternative-asset manager under which Oaktree now sits; directly comparable in credit, real estate, and infrastructure strategies and the primary distribution channel for Oaktree products.

Emerging players

• Sixth Street Partners: Independent, primarily credit-focused alternatives manager with strong direct-lending franchise; emerging as a more nimble competitor to Oaktree in private credit and offering products for similar institutional buyers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/oaktree
• YouTubeyoutube.com/oaktreecapital
• Facebookfacebook.com/oaktreecapital
• LinkedInlinkedin.com/company/oaktree-capital-management

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries6 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Oaktree Capital Management, L.P.