Oaktree Capital Group, Llc Exh 21 List Of Subsidiaries for OAKTREE CAPITAL GROUP, LLC - Sample agreements, legal documents, and contracts from RealDealDocs. Oaktree Capital Group Holdings, L.P. operates as a holding company. In addition, Fitch has affirmed Oaktree Capital Management, L.P.'s senior unsecured debt rating at 'A' and Oaktree Capital Group, LLC's preferred stock rating at 'BBB+'. [16][17] In 2008, it raised $10.9 billion for what was the largest-ever distressed debt fund, its Opportunities Fund VIIb. SECTOR Also, in 2017, Oaktree launched two BDCs: Oaktree Specialty Lending Corporation and Oaktree Strategic Income Corporation. Oaktree Capital Management is an American global asset management firm specializing in alternative investment strategies. Outside Spending in the 2020 cycle: $0. 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. [25], In 2001 Oaktree continued to introduce new "step-out" strategies, starting with Mezzanine Finance. The Memo by Howard Marks On October 12, 1990, Co-Chairman Howard Marks published his first memo to clients. [21] Like its other Opportunities funds, Fund X and Xb will focus on “market pricing inefficiencies resulting from company reorganizations and restructurings, and the senior and secured debt of operationally sound, overleveraged companies in the United States and Western Europe.”[40] New strategies, such as Strategic Credit, European Private Debt, Emerging Markets Total Return, Emerging Markets Opportunities, Value Equities, Infrastructure Investing, Real Estate Income, European High Yield Bonds and Senior Loans, Global Credit, and Middle Market Direct Lending were also added to the platform. Since its 1995 formation, Oaktree has become the largest distressed-debt investor in the world. [23] By law, clients are required to be so-called accredited investors, however, sub-advisory relationships with mutual funds such as The Vanguard Group, Eaton Vance, and Russell Investment Group and its public funds (BDCs, Non-Traded REIT, and SICAV vehicles) provide smaller investors access to Oaktree's portfolio managers. Ocwen teams up with Oaktree to form MSR purchase vehicle By Brad Finkelstein December 23, 2020, 1:41 p.m. EST Brad Finkelstein December 23, 2020, 1:41 p.m. EST Its growth in strategies has largely focused on expanding into European and Asian markets. Founded in 1995, Oaktree Capital manages over 120 billion U.S. dollars in assets for its clientele across the world. Oaktree Capital Management is a leading global alternative investment management firm with expertise in credit strategies. We are committed to providing useful and timely information to public unitholders. [25], Since 1995, Oaktree has created what it refers to as “step-out” strategies, usually coincident with the opening of new offices around the world. To invest in BAM's Oaktree business, one can invest in … [21] Oaktree was one of the first U.S.-headquartered alternative asset managers with dedicated European investment teams focused on credit. Oaktree Capital Management, L.P. has 6635 total employees across all of its locations and generates $2.06 billion in sales (USD). 51709 (May 19, 2005)", "Bad Asset Purchase Program Turning a Profit; DealBook", "Washington Hopes 'Vulture' Investors Will Buy Bad Assets", "Marks's Oaktree Seen Nearing $1 Billion Gain on Gundlach Bet", "Global Investment Manager Oaktree Launches $2B Non-Traded REIT", "Oaktree Is Said to Raise $4 Billion Fund to Buy Distressed European Assets", "Oaktree invests £100m in British broadband", "Oaktree Capital to try a new twist for share sale; use of Goldman market avoids regulations, doesn't cede control", "Oaktree Capital Management files for $8bn NYSE listing", "Private Goldman Exchange Officially Closes for Business", https://finance.yahoo.com/news/brookfield-asset-management-completes-acquisition-121235703.html, "Oaktree Capital Management sows seeds for listing on NYSE", "Carlyle's Flightplan: Betting On An Aviation Recovery", "Fitness First raises first external debt since restructuring", "Quadrant expands wellness empire with acquisition of Fitness First Australia", "Celebrity Fitness and Fitness First Asia set to merge", "DW Sports Scoops Up Fitness First UK For £70M", "Investissement, mais coupe claire aux Verreries de l'Orne", "Mexico's Alfa Makes $937 Million Bid for Campofrio", "Quiksilver, free from bankruptcy, talks booze and boardshorts", "Billabong Sees Revival with Oaktree-Centerbridge Debt Plan. OCM Principal Opportunities Fund II, L.P. OCM Principal Opportunities Fund III, L.P. OCM Principal Opportunities Fund IV, L.P. OCM European Principal Opportunities Fund, L.P. OCM European Principal Opportunities Fund II, L.P. Oaktree Capital European Principal Fund III, L.P. OCM/GFI Power Opportunities Fund II, L.P. Oaktree Capital Power Opportunities Fund III, L.P. Oaktree Capital Power Opportunities Fund IV, L.P. Oaktree Capital Power Opportunities Fund V, L.P. OCM Real Estate Opportunities Fund A, L.P. OCM Real Estate Opportunities Fund B, L.P. OCM Real Estate Opportunities Fund II, L.P. OCM Real Estate Opportunities Fund III, L.P. OCM Real Estate Opportunities Fund IV, L.P. Oaktree Capital Real Estate Opportunities Fund V, L.P. Oaktree Real Estate Opportunities Fund VI, Oaktree Real Estate Opportunities Fund VII, Oaktree Transportation Infrastructure Fund, Oaktree Emerging Market Opportunities Fund, Oaktree Emerging Market Opportunities Fund II, Conbipel — (100%) Italian fashion industry. Oaktree Capital Management. Arroyo Capital is a wholly-owned subsidiary of funds managed by Oaktree Capital Management, L.P., a leader among global investment managers specializing in alternative investments. Oaktree is a leader among global investment managers specializing in alternative investments, with $140 billion in assets under management as of September 30, 2020. Oaktree Capital Management (UK) LLP, Oaktree Capital Management (Europe) LLP, and Oaktree Capital Management (International) Limited are subsidiaries of Oaktree Capital Group, LLC. Oaktree invests across the capital structure, with an emphasis on senior debt in companies and markets where it has what it calls a “knowledge advantage.” Distressed or otherwise ailing companies, according to Oaktree, provide such opportunities. The Company, through its subsidiaries, provides investment management services. 1.1.196 Second Amended Plan means the Second Amended Joint Plan of Reorganization for Tribune Company and its Subsidiaries Proposed by the Debtors, the Official Committee of Unsecured Creditors, Oaktree Capital Management, L.P., Angelo, Gordon & Co., L.P., and JPMorgan Chase Bank, N.A. Prior to joining Oaktree in 2020, Mr. Kramer was an investment analyst on the Situational Investing team at Elliott Management Corporation focused on activist equity and distressed credit opportunities. [10] The company was previously listed on GSTrUE, a private over-the-counter exchange run by Goldman Sachs[42] which officially ceased operations[43] in 2012 after Oaktree, along with Apollo Global Management (in 2011), de-listed and moved to the NYSE. RAINTREE III/IV PROPERTY OWNER, LLC; CHARGER SHALE OIL OPERATING, LLC; AVELLEMY LIMITED; Relationship Details Business Entity Relationship Active. [20][21] According to the Wall Street Journal, Oaktree has “long been considered a stable repository for pension-fund and endowment money.”[22][12]. The Investor Relations website contains information about Oaktree Capital Group, LLC's business for stockholders, potential investors, and financial analysts. Evan Kramer. Subsidiaries. This list of organizations invested in by Oaktree Capital Management provides data on their funding history, investment activities, and acquisition trends. It was Oaktree's first direct investment in a telecommunications firm. According to the company's managing director Pablo Velez, the fund should aid in "operating expertise and experience with growth platforms". Where are the main risks and rewards in the, © 2007-2020 Oaktree Capital Management, L.P. All rights reserved. In 2018, Oaktree filed a registration statement to launch a non-traded REIT. [4], As of December 31, 2019, the company managed $124.7 billion[5] for its clientele which includes 73 of the 100 largest U.S. pension plans, as well as public funds, foundations, corporate and insurance companies, endowments, and sovereign wealth funds. ", "Aleris reorganization plan confirmed by court (UPDATE 1)", "Almatis Group Files Pre-packaged Chapter 11 Cases to Implement Agreed Financial Restructuring", "Tribune's bankruptcy exit could mean company breakup", "Oaktree Capital sells final stake in Nine Entertainment", Financial year 2014 accounting statements, History of private equity and venture capital, Private investment in public equity (PIPE), Taxation of private equity and hedge funds, Private equity and venture capital investors, Alternative investment management companies, https://en.wikipedia.org/w/index.php?title=Oaktree_Capital_Management&oldid=991313995, Companies listed on the New York Stock Exchange, Financial services companies established in 1995, Private equity firms of the United States, Articles lacking reliable references from August 2015, Articles with a promotional tone from February 2020, Creative Commons Attribution-ShareAlike License. Oaktree's mission is to deliver superior investment results with risk under control and to conduct our business with the highest integrity. Formed in 1995, the firm's principal investment strategies combine high yield bonds, convertible securities, high-income convertibles, European high yield bonds, and international convertibles. Oaktree Capital Management organization profile. Billabong International Ltd. - Australia's largest surfwear company. [32] At the time of Oaktree's inclusion in the PPIP program, The New York Times reported: “Howard S. Marks is the sort of financier who Washington hopes will help fix the nation’s tumbledown banks.”[33] As of December 31, 2018, the Oaktree PPIP Fund, L.P. had a gross return of 28%. [21], In September 2020, it acquired the majority stake in Zzoomm, a UK-based telecommunications company for £100 million. [18][30] In 2009, Oaktree was selected by the U.S. Treasury, along with eight other managers (BlackRock, Invesco, AllianceBernstein and others)[31] to participate in the government's Public-Private Investment Program (PPIP). [36], Seeking investment opportunities created by the European sovereign-debt crisis,[37][38] Oaktree started its European Principal Fund III in November 2011 with committed capital of some €3 billion. [18] As reported in The Washington Post on June 26, 2011, Oaktree's 17 distressed-debt funds (which do not use leverage) have averaged annual gains of 19% after fees for the past 22 years. We equip financial intermediaries with a suite of Oaktree strategies through our commingled investment vehicles. Ashford Hospitality Limited Partnership, a Delaware limited partnership (together with certain of its direct and indirect subsidiaries and affiliates, the “Issuer” or “you”), has advised Opps AHT Holdings, LLC (“Opps”) and ROF8 AHT PT, LLC (“ROF” and, collectively with Opps, “Oaktree… In 1996, Oaktree was selected as the sub-advisor for the Vanguard Convertible Securities Fund. [25] Within three months of its founding in 1995, “more than 30 TCW clients transferred $1.5 billion in assets to Oaktree.”[26][27], Oaktree has formed various sub-advisory relationships since 1995. The firm was formed in 1995 by a group of individuals who had been investing together since the mid-1980s in high yield bonds, convertible securities, distressed debt, real estate, control investments and listed equities. Incorporation or Organization ... Oaktree Capital Management (Cayman), L.P. Cayman Islands: Oaktree Capital Management (UK) LLP : United Kingdom: Oaktree Capital Management Pte. [35], Its 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. Oaktree Capital Group LLC is a global investment management firm focused on alternative markets. We give individual investors access to Oaktree products through our commingled investment vehicles. The Investor Relations website contains information about Oaktree Capital Group, LLC's business for stockholders, potential investors, and financial analysts. Transfer agent: American Stock Transfer & Trust Company 6201 15th Avenue Brooklyn, NY 11219 Phone: +1 (800) 937-5449 Website: www.amstock.com Insights about top trending companies, startups, investments and M&A activities, notable investors of these companies, Asia Principal Opportunities (2006) followed, along with European Principal Investments (2006), European Senior Loans (2006), U.S. Senior Loans and Value Opportunities (2007), Global High Yield Bonds (2010), Emerging Markets Equities (2011), and Real Estate Debt (2012). The subsidiary, dubbed Oaktree (Beijing) Investment Management Co., was established with $5.4 million in registered capital and will be based in … [12][46] Fund structures within each asset class vary, and are organized into closed-end, open-end, or so-called “evergreen” fund types. [11][12]On September 30, 2019, completion of the acquisition of a majority stake by Brookfield Asset Management was announced.[45]. In addition to these partnerships, BAM acquired a majority stake in Oaktree Capital Management in 2019. [25][28][21], In 2005 the Securities And Exchange Commission ordered Oaktree to pay a fine, interest, and disgorge profits after the SEC ruled they had "sold securities short" before the five legal business days after a public offering pricing had gone public. [6][7] The company's co-chairman, Howard Marks, is known in the investment community for letters to investors called the "Oaktree memos”. Oaktree's fund offerings are organized into three broad categories based on liquidity and lock-up period: The following tables list the company's strategies and funds since inception (including TCW funds directed by Oaktree managers before they left TCW to found Oaktree in 1995): (Co-Chairman and Chief investment officer, Learn how and when to remove this template message, https://ir.oaktreecapital.com/static-files/7dda7109-21ee-45d9-b20f-917ab88aa8c6, "Oaktree Capital's investment philosophy", "SEC FILING | Oaktree Capital Group LLC Form 10-Q", "Brookfield to Acquire 62% of Oaktree Capital Management", "Oaktree Capital agrees to expand offices in downtown Los Angeles", "Why I Don't Currently Own Shares In REITs", "Finance and Economics: The vultures take wing; Investing in distress", "Oaktree Capital raises 11bn for distressed debt fund", "Marks puts Oaktree Capital Management on path to IPO", "SEC FILING | Oaktree Capital Group LLC Form 10-K", "Oaktree Capital to Try A New Twist For Share Sale; Use of Goldman Market Avoids Regulations, Doesn't Cede Control", "A Balancing Act at Oaktree Capital Management", "MF Global reminds us we have much to learn from the crisis", United States Securities and Exchange Commission, "Oaktree Capital Management Company, Exchange Act Release No. Raintree Iii/iv Property Owner, Llc is ultimately consolidated by Oaktree Capital Management, L.p. [29], In 2008, the firm raised $11 billion for their distressed debt fund. Oaktree is a leader among global investment managers specializing in alternative investments, with $140 billion in assets under management as of September 30, 2020. [28][34][21][12], In recent years, the company has formed several strategic relationships. Oaktree Capital Management LP Info: Size ($ in 1000's) At 09/30/2020: $4,587,085 At 06/30/2020: $4,498,562 Combined Holding Report Includes: OAKTREE CAPITAL MANAGEMENT LP Russell Investments Group Ltd. Hartree Partners LP BROOKFIELD ASSET MANAGEMENT … Contributions in the 2020 cycle: $764,890. Oaktree was required to put in place policies and procedures to prevent violations in the future. Ltd. [19], Oaktree invests in 4 asset classes: credit, private equity, real assets and listed equities. [9][12], Oaktree emphasizes an opportunistic, value-oriented, and risk-controlled approach to investments in distressed debt, corporate debt (including high yield debt and senior loans), control investing (including private equity and special situations), convertible securities, real estate and listed equities, with a focus on opportunities that offer a margin of safety. Before joining AIG, Ms. Gero was a consultant from 2003 to 2009, focusing on collateralized debt obligation investment management and investments in insurance companies. In the decades since, he has periodically released memos reflecting his viewpoint on the investment landscape, as well as more general business insights. The Investor Relations website contains information about Oaktree Capital Group, LLC's business for stockholders, potential investors, and financial analysts. Oaktree's current investment activities are divided across four asset classes: credit, private equity, real assets and listed equities. Oaktree quickly On April 12, 2012, Oaktree Capital Group LLC became listed on the NYSE: OAK. Oaktree Capital Management is an American global asset management firm specializing in alternative investment strategies. This page was last edited on 29 November 2020, at 12:06. Oaktree was founded in 1995 by a group of principals who first joined together at the TCW Group in the mid-1980s[24] to manage high yield bonds, convertible securities, distressed debt, real estate, and principal investments. In 2017, Eaton Vance launched the Oaktree Diversified Credit NextShares exchange-traded managed fund with Oaktree as subadvisor. (as Modified April 26, 2011) [D.I. Lobbying in 2019: $160,000. [9] The firm's motto is “if we avoid the losers, the winners will take care of themselves.”[15]. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in … They are authorised and regulated by the Financial Conduct Authority in the United Kingdom. Vice President. ... Oaktree entered into a new $250 million subordinated credit facility with a subsidiary of Brookfield that matures in May 2023, which was undrawn at 2Q20. Between 1997 and 1999, Oaktree created 3 new strategies: Emerging Markets Absolute Return in 1997, European High Yield Bonds in 1999, and Power Opportunities in 1999. [41], On April 12, 2012, Oaktree became a publicly traded partnership with shares listed on the NYSE. Oaktree Capital Management LP Info: Size ($ in 1000's) At 09/30/2020: $4,587,085 At 06/30/2020: $4,498,562 Combined Holding Report Includes: OAKTREE CAPITAL MANAGEMENT LP Russell Investments Group Ltd. Hartree Partners LP BROOKFIELD ASSET MANAGEMENT … Our Investment Philosophy consists of six enduring tenets that have remained unchanged since our founding over 20 years ago. List of Subsidiaries . Oaktree Capital Management, L.P. is located in Los Angeles, CA, United States and is part of the Financial Planners & Investment Advisers Industry. [44], 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. Since our founding, Oaktree has been guided by a unifying set of business principles. We provide qualified institutional investors – e.g., sovereign wealth funds, public funds, pensions funds, corporations and endowments/foundations – with a range of products focused on alternative investments and inefficient markets. As a leader and pioneer in alternative investments, we offer a broad range of products across the capital structure. Securities offered through OCM Investments, LLC (Member, Oaktree Announces Definitive Agreement for $250 Million Senior Notes Offering, Oaktree Announces $250 Million Offering of Senior Notes, Brookfield Asset Management Completes Acquisition Of 61.2% of Oaktree Capital Management, Brookfield Asset Management and Oaktree Capital Group Announce the Anticipated Election Deadline, Brookfield Asset Management and Oaktree Capital Group Announce the Commencement of the Election Period and the Mailing of Forms of Election. Based in Los Angeles, California, Oaktree Capital Management is an investment management firm specializing in marketable securities and private investments. [11][12], With headquarters in Los Angeles,[13] the firm has over 950 employees[14] and offices in 18 cities worldwide (Los Angeles; London; New York City; Hong Kong; Stamford, Connecticut; Tokyo; Luxembourg; Paris; Frankfurt; Singapore; Seoul; Beijing; Amsterdam; Dubai; Houston; Shanghai; and Sydney). 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