Oaktree Capital Management

The firm is based in Los Angeles. Since its formation in 1995, Oaktree has become the largest distressed-debt investor in the world. According to The Wall Street Journal, Oaktree has "long been considered a stable repository for pension-fund and endowment money." The company's distressed-debt funds are often over-subscribed, and in 2010 Oaktree turned down potential investors due to self-imposed limits on fund size. Investment funds Oaktree's current investment activities are divided across three asset classes: credit, equity, and real estate. == History ==

1990s Oaktree was founded in 1995 by a group of principals who first joined at the TCW Group in the mid-1980s The firm's relationship with Vanguard was expanded in 2011 when Oaktree was selected as one of four firms to manage Vanguard's Emerging Markets Select Stock Fund. In 2010, Oaktree was named one of three advisors to the Russell Global Opportunistic Credit Fund and was selected as a manager for the Credit Suisse (Lux) I Fund in 2011. On March 13, 2019, Brookfield Asset Management announced that it had agreed to buy 62% of Oaktree Capital Management for about $4.7 billion, creating one of the world's largest alternative money managers. 2020s In November 2021, Oaktree closed its largest fund, Opportunities Fund XI LP, after collecting $15.9 billion. In March 2022, Oaktree acquired a majority stake in 17Capital, a private credit firm focused on NAV lending based in London. In February 2023, the company launched a private credit fund, Oaktree Lending Partners, which finances private equity takeovers. In June 2023, Robert O'Leary and Armen Panossian were named as the incoming co-CEOs. As of August 2023, Oaktree was trying to raise over $18 billion for its 12th fund, Oaktree Opportunities Fund XII, potentially becoming the largest-ever private debt fund. In July 2024, it was announced that Lloyds Banking Group partnered with Oaktree to finance UK buyouts. In July 2025, Oaktree acquired media company FilmRise, and announced that they would be merging FilmRise with Shout! Studios to form the combined holding company Radial Entertainment. In October 2025, Brookfield Corporation and Brookfield Asset Management agreed to acquire the rest of Oaktree for $3 billion, fully owning the business and expanding its private credit portfolio. In December 2025, it was announced Oaktree had sold approximately 14 per cent of its shareholding in TORM to BW Group subsidiary Hafnia Limited for US$311.43 million. The transaction reduced Oaktree's ownership position while leaving it as a continuing shareholder in TORM. == Select past and current investments ==

• Aleris International – acquired 1 May 2010 • Campofrío Food Group – (24%) European food industry. • Conbipel – (100%) Italian fashion industry • Fitness First – Global health club chain. Taken over in partnership with Marathon Asset Management in 2012. Parts of business subsequently sold in whole or in part in 2016–17. • Inter Milan – (99.6%) Italian football team. • Loews Cineplex Entertainment – jointly acquired by Onex Corporation from Sony Pictures and Universal Studios in 2002. U.S. division was sold in 2004 to The Carlyle Group (in turn merged with AMC Theatres in 2006); Canadian subsidiary merged with Galaxy Entertainment to form Cineplex Galaxy, renamed to Cineplex Entertainment in 2005. • Mail Boxes Etc. – potential acquisition of up to 40% ownership via a phased $132 million reserved capital increase in February 2020. • Marlin Brands 50% of Marlin Brands with Alceon Group. • MediaWorks New Zealand – acquired a controlling 77.8% share in the business, after recently purchasing shares from RBS and Westpac; acquisition completed April 29, 2015. • Nine Entertainment – taken over (alongside Apollo Global Management and Goldman Sachs) from CVC Asia Pacific in a refinancing deal in Oct 2012, sold final stake in 2017. • Quiksilver – American retail sporting company • Sky Holding – jet airplane ownership Sold stake to Kylian Mbappé in 2024. • Tribune Company – acquired jointly with JPMorgan Chase and Angelo Gordon; acquisition completed July 2012. • Verreries de l'Orne à Ecouché – glass etching firm – 1 April 2010 == See also ==