# Oaktree Capital Management, L.P.

> Oaktree Capital Management, L.P. is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 1995, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 17, 2026.

- CRD: 106793
- Filed as: OAKTREE CAPITAL MANAGEMENT, L.P.
- Registration: SEC-registered investment adviser (status as filed: Approved)
- Location: Los Angeles, CA
- Filing period: October 2026
- Form ADV filing dated: August 17, 2026
- SEC record (IAPD): https://adviserinfo.sec.gov/firm/summary/106793
- AdvisorCensus page: https://advisorcensus.com/firm/oaktree-capital-management-l-p-los-angeles-ca-106793

## Quick answers

**How is Oaktree Capital Management, L.P. compensated?**
On its Form ADV (Item 5.E, October 2026), Oaktree Capital Management, L.P. reports these compensation arrangements: a percentage of assets under its management; performance-based fees.

**Where is Oaktree Capital Management, L.P. located?**
Oaktree Capital Management, L.P.'s principal office is in Los Angeles, CA, according to its Form ADV; the September 2026 filing also lists 16 other offices (Schedule D, Section 1.F).

**Is Oaktree Capital Management, L.P. registered with the SEC or a state?**
Oaktree Capital Management, L.P. is an SEC-registered investment advisory firm, registered since 1995. Status as filed: Approved. CRD 106793.

**How much does Oaktree Capital Management, L.P. manage?**
Oaktree Capital Management, L.P. reports $183,286,850,212 in regulatory assets under management in its Form ADV filing dated August 17, 2026 (99% discretionary).

**How have Oaktree Capital Management, L.P.'s assets and staff changed since 2021?**
In the Form ADV data for Oaktree Capital Management, L.P.: Regulatory assets under management: $125,326,918,259 in the October 2021 data and $183,286,850,212 in the October 2026 data, up 46%. Total employees: 830 in October 2021 and 905 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Oaktree Capital Management, L.P. serve?**
By number of clients on Form ADV Item 5.D: pooled investment vehicles (other than investment companies and business development companies) (275); pension and profit sharing plans (but not the plan participants or government pension plans) (37); insurance companies (30).

**Which custodians does Oaktree Capital Management, L.P. use?**
Oaktree Capital Management, L.P.'s most recent Form ADV filing (Schedule D, Section 5.K(3)) lists Bank of New York Mellon Corporation, JP Morgan Chase & Co. and State Street Bank and Trust Company as custodians holding 10% or more of its separately managed account assets.

**Does Oaktree Capital Management, L.P. report any disciplinary disclosures?**
Reports 3 disclosure items on Form ADV Item 11: yes answers to 11.C(2) (SEC or CFTC finding of a violation), 11.C(4) (SEC or CFTC order), and 11.C(5) (SEC or CFTC civil money penalty or cease-and-desist order). Each question covers the firm and its advisory affiliates, and one event can produce several yes answers. The detail of any item is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106793

**What changed in Oaktree Capital Management, L.P.'s recent Form ADV filings?**
In the September 2026 filing data: Added an office in Los Angeles, CA. Updated its list of owners and control persons (Schedule A).

## From the Form ADV filing

### Compensation (Item 5.E)
- A percentage of assets under your management
- Performance-based fees

### Custodians (Schedule D, Section 5.K(3))
- Bank of New York Mellon Corporation
- JP Morgan Chase & Co.
- State Street Bank and Trust Company

Custodians holding 10% or more of the firm's separately managed account assets, as filed on Form ADV (Schedule D, Section 5.K(3)). A custodian holds client assets; it does not endorse or supervise the firm. AdvisorCensus has no relationship with any custodian.

### Regulatory assets under management (Item 5.F)
- Total: $183,286,850,212
- Discretionary: $181,380,866,313
- Non-discretionary: $1,905,983,899

### Clients (Item 5.D)

| Client type | Clients | Assets |
| --- | --- | --- |
| Individuals (other than high net worth individuals) | 0 | $0 |
| High net worth individuals | 0 | $0 |
| Banking or thrift institutions | 0 | $0 |
| Investment companies | 0 | $0 |
| Business development companies | 0 | $0 |
| Pooled investment vehicles (other than investment companies and business development companies) | 275 | $149,308,760,002 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 37 | $9,896,506,054 |
| Charitable organizations | 1 | $309,226,416 |
| State or municipal government entities (including government pension plans) | 12 | $5,491,981,365 |
| Other investment advisers | 2 | $394,430,968 |
| Insurance companies | 30 | $15,604,642,469 |
| Sovereign wealth funds and foreign official institutions | 1 | $283,121,682 |
| Corporations or other businesses not listed above | 12 | $1,604,238,576 |
| Other | 3 | $393,942,680 |

### Advisory services (Item 5.G)
- Portfolio management for individuals and/or small businesses
- Portfolio management for pooled investment vehicles (other than investment companies)
- Portfolio management for businesses (other than small businesses) or institutional clients

### Firm details
- Registered since: 1995 (31 years)
- Employees: 905 total, 282 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: CA, CT, TX, WA
- Disclosures (Item 11): Reports 3 disclosure items on Form ADV Item 11.

### Item 11 questions answered yes
- 11.C(2): Has the SEC or the CFTC ever found that the firm or an advisory affiliate was involved in a violation of SEC or CFTC regulations or statutes?
- 11.C(4): Has the SEC or the CFTC ever entered an order against the firm or an advisory affiliate in connection with investment-related activity?
- 11.C(5): Has the SEC or the CFTC ever imposed a civil money penalty on the firm or an advisory affiliate, or ordered the firm or an advisory affiliate to cease and desist from an activity?

Each question covers the firm and its advisory affiliates: its current employees other than clerical staff, its officers, partners, and directors, and anyone who controls the firm or is controlled by it. One event can produce yes answers to several questions. SEC-registered advisers and exempt reporting advisers may leave out events more than ten years old, and may answer 11.A(2) and 11.B(2) for pending charges only. The detail of each yes answer is on the firm's SEC record: https://adviserinfo.sec.gov/firm/summary/106793

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Central
- Dallas, TX
- Dubai
- Frankfurt
- Gift City
- Houston, TX
- London
- Los Angeles, CA
- Madrid
- Mumbai
- New York, NY
- Rome
- Singapore
- Stamford, CT
- Sydney
- Tokyo

### Websites listed on Form ADV (Item 1.I)
- brookfieldoaktreeholdings.com
- oaktreeacquisitioncorp.com
- oaktreecapital.com
- oaktreereif.com
- oaktreesicav.com
- Facebook @HowardMarksBook
- Facebook @oaktreecapital
- LinkedIn @oaktree-capital-management
- LinkedIn @HowardMarksBook
- X @HowardMarksBook
- X @Oaktree
- YouTube @oaktreecapital

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $125,326,918,259 | 830 | August 16, 2021 |
| October 2022 | $147,452,182,548 | 850 | August 25, 2022 |
| October 2023 | $151,313,799,778 | 908 | August 24, 2023 |
| October 2024 | $161,477,442,132 | 853 | September 27, 2024 |
| October 2025 | $170,989,440,364 | 875 | May 15, 2025 |
| October 2026 | $183,286,850,212 | 905 | August 17, 2026 |

Regulatory assets under management: $125,326,918,259 in the October 2021 data and $183,286,850,212 in the October 2026 data, up 46%.
Total employees: 830 in October 2021 and 905 in October 2026.

## Changes in the filing (last 12 months)

### September 2026
- Added an office in Los Angeles, CA.
- Updated its list of owners and control persons (Schedule A).

### August 2026
- Updated its list of owners and control persons (Schedule A).

### April 2026
- Employees performing advisory functions went from 271 to 282.
- Changed its office addresses in Central.
- Changed its office addresses in Houston, TX.
- Changed its office addresses in London.
- Changed its office addresses in Sydney.
- Changed its office addresses in Tokyo.
- Added an office in Dubai.
- Added an office in Gift City.
- Added an office in Mumbai.
- No longer lists an office in New York, NY.
- Updated its list of owners and control persons (Schedule A).

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Oaktree Capital Management, L.P. (CRD 106793): Form ADV filing data as of October 2026.