Profile: Oaktree Capital Group LLC (OAK.N)
24 Feb 2017
Oaktree Capital Group, LLC (Oaktree), incorporated on April 13, 2007, is a global investment manager specializing in alternative investments. 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 Company's business consists of its investment management segment, which consists of the investment management services that the Company provides to its clients. Oaktree Capital Group Holdings GP, LLC acts as the Company's manager and is the general partner of Oaktree Capital Group Holdings, L.P. (OCGH), which owns approximately 100% of the Company's outstanding Class B units. OCGH is owned by the OCGH unitholders. The Company's operations are conducted through a group of operating entities collectively referred to as the Oaktree Operating Group.
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.
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 three to five years, during which the Company is permitted to invest the committed capital of those funds to make investments. 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 generally 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 generally subject to a lock-up, which restricts their ability to withdraw their entire capital for a certain period of time after their initial subscription.
The Company's Corporate Debt includes High Yield Bonds, Senior Loans, Mezzanine Finance, Strategic Credit, European Private Debt and Emerging Markets Total Return. Its Distressed Debt includes Distressed Opportunities, Value Opportunities and Emerging Markets Opportunities. Its Control Investing includes Principal Investing, Power Opportunities and Infrastructure Investing. Its Real Estate includes Real Estate Opportunities and Real Estate Debt. Its Listed Equities include Emerging Markets Equities and Value Equities.
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