Oaktree Capital Management is an American global asset management firm specializing in alternative investment strategies. It is the largest distressed securities investor in the world and is one of the largest credit investors in the world.
As of December 31, 2020, the company managed $148 billion 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. The company's co-chairman, Howard Marks, is widely known in the investment community for letters to investors called the "Oaktree memos”.
The firm was co-founded in 1995 by a group that had formerly worked together at the TCW Group starting in the 1980s. On April 12, 2012, Oaktree Capital Group LLC became listed on the NYSE: OAK.
On March 13, 2019, Brookfield Asset Management announced that it had agreed to buy 62% of Oaktree Capital Management for about $4.7 billion.
Highest paying job titles at Oaktree Specialty Lending Corporation include Vice President, Program Management, Accounting Manager, and Vice President