Profile: Oaktree Capital Group LLC (OAK)
22 Mar 2017
Oaktree Capital Group, LLC (Oaktree), incorporated on April 13, 2007, is a global investment manager specializing in alternative investments. The Company operates through investment management segment, which consists of the investment management services that the Company provides to its clients. The Company manages investments in a range of strategies within approximately six asset classes, which include corporate debt, convertible securities, distressed debt, control investing, real estate and listed equities. The Funds managed by Oaktree include commingled funds, separate accounts and collateralized loan obligation vehicles (CLOs). The commingled funds include open-end and closed-end limited partnerships in which the Company makes an investment and for which it serves as the general partner. CLOs are structured finance vehicles in which the Company typically makes an investment and for which it serves as collateral manager. Its clientele includes the United States pension plans, corporations and/or their pension funds, university, charitable and other endowments and foundations, sovereign wealth funds and other non-the United States institutional investors.
The Company's closed-end funds are typically structured as limited partnerships that have a 10- or 11-year term and have a specified period during which clients can subscribe for limited partnership interests in the fund. Its closed-end funds have an investment period that generally ranges from 3 to 5 years, during which the Company is permitted to invest the committed capital of those funds to make investments. The Company may also provide discretionary management services for clients within its closed-end fund strategies through a separate account or through a limited partnership or limited liability company managed by the Company with the client as the sole limited partner or sole non-managing member (a fund-of-one). Its closed-end funds also include CLOs for which the Company serves as collateral manager.
The Company's commingled open-end funds are typically structured as limited partnerships that are designed to admit clients as new limited partners (or accept additional capital from existing limited partners) on an ongoing basis during the fund's life. Clients in commingled open-end funds typically contribute all of their committed capital upon being admitted to the fund. These funds do not have an investment period and do not distribute proceeds of realized investments to clients. The Company also provides discretionary management services for clients through separate accounts within the open-end fund strategies.
The Company's Evergreen funds invest in marketable securities, private debt or equity, in certain cases on a long and short basis. Commingled evergreen funds are designed to accept new capital on an ongoing basis and do not distribute proceeds of realized investments to clients. The Company also provides discretionary management services for clients through separate accounts or fund-of-ones within its evergreen fund strategies. Clients in evergreen funds are subject to a lock-up, which restricts their ability to withdraw their entire capital for a certain period of time after their initial subscription.
Oaktree Capital Group LLC
333 S Grand Ave Fl 28
LOS ANGELES CA 90071-1504
Company Web Links
- BRIEF-Oaktree Capital sells 10 pct stake in Countryside - Bookrunner
- BRIEF-Star Bulk Carriers Corp announces agreements for a $51.5 mln private placement of common shares
- Distressed debt manager Oaktree exploring first India investment
- BRIEF-Oaktree Capital Group Llc Q3 adjusted EPS $0.92
- BRIEF-Oaktree Capital says CFO David Kirchheimer to retire