# Oaktree Fund Advisors, LLC

> Oaktree Fund Advisors, LLC is an SEC-registered investment advisory firm in Los Angeles, CA, registered since 2018, reporting over $5 billion in regulatory assets under management in its Form ADV filing dated August 17, 2026.

- CRD: 290193
- Filed as: OAKTREE FUND ADVISORS, LLC
- 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/290193
- AdvisorCensus page: https://advisorcensus.com/firm/oaktree-fund-advisors-llc-los-angeles-ca-290193

## Quick answers

**How is Oaktree Fund Advisors, LLC compensated?**
On its Form ADV (Item 5.E, October 2026), Oaktree Fund Advisors, LLC reports these compensation arrangements: a percentage of assets under its management; performance-based fees. The amounts are in Item 5 of its Form ADV Part 2A brochure.

**Where is Oaktree Fund Advisors, LLC located?**
Oaktree Fund Advisors, LLC's principal office is in Los Angeles, CA, according to its Form ADV; the September 2026 filing also lists 11 other offices (Schedule D, Section 1.F).

**Is Oaktree Fund Advisors, LLC registered with the SEC or a state?**
Oaktree Fund Advisors, LLC is an SEC-registered investment advisory firm, registered since 2018. Status as filed: Approved. CRD 290193.

**How much does Oaktree Fund Advisors, LLC manage?**
Oaktree Fund Advisors, LLC reports $14,102,172,484 in regulatory assets under management in its Form ADV filing dated August 17, 2026 (100% discretionary).

**How have Oaktree Fund Advisors, LLC's assets and staff changed since 2021?**
In the Form ADV data for Oaktree Fund Advisors, LLC: Regulatory assets under management: $3,318,066,993 in the October 2021 data and $14,102,172,484 in the October 2026 data, up 325%. Total employees: 191 in October 2021 and 451 in October 2026. Assets under management move with markets as well as with clients coming and going.

**What types of clients does Oaktree Fund Advisors, LLC serve?**
By number of clients on Form ADV Item 5.D: investment companies (10); business development companies (3); pooled investment vehicles (other than investment companies and business development companies) (3).

**Does Oaktree Fund Advisors, LLC 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/290193

**What changed in Oaktree Fund Advisors, LLC'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

### Regulatory assets under management (Item 5.F)
- Total: $14,102,172,484
- Discretionary: $14,102,172,484
- Non-discretionary: $0

### 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 | 10 | $1,576,414,263 |
| Business development companies | 3 | $12,372,110,747 |
| Pooled investment vehicles (other than investment companies and business development companies) | 3 | $153,647,474 |
| Pension and profit sharing plans (but not the plan participants or government pension plans) | 0 | $0 |
| Charitable organizations | 0 | $0 |
| State or municipal government entities (including government pension plans) | 0 | $0 |
| Other investment advisers | 0 | $0 |
| Insurance companies | 0 | $0 |
| Sovereign wealth funds and foreign official institutions | 0 | $0 |
| Corporations or other businesses not listed above | 0 | $0 |
| Other | 0 | $0 |

### Advisory services (Item 5.G)
- Portfolio management for investment companies (and business development companies)
- Portfolio management for pooled investment vehicles (other than investment companies)

### Firm details
- Registered since: 2018 (8 years)
- Employees: 451 total, 225 performing advisory functions
- Wrap fee program participation: No
- States registered or notice-filed: TX
- 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/290193

### Other offices (Schedule D, Section 1.F), as of the September 2026 filing
- Dallas, TX
- Dubai
- Frankfurt
- Hong Kong
- Houston, TX
- London
- Los Angeles, CA
- New York, NY
- Singapore
- Stamford, CT
- Sydney

### Websites listed on Form ADV (Item 1.I)
- brookfieldoaktree.com/fund/oaktree-diversified-income-fund-inc
- brookfieldoaktree.com/fund/oaktree-emerging-markets-equity-fund
- investors.oaktreespecialtylending.com
- oaktreespecialtylending.com
- osc.brookfieldoaktree.com

## Assets and staff over time

| Data period | Regulatory assets under management | Employees | Filing dated |
| --- | --- | --- | --- |
| October 2021 | $3,318,066,993 | 191 | March 30, 2021 |
| October 2022 | $4,422,616,604 | 294 | June 6, 2022 |
| October 2023 | $5,649,379,713 | 371 | April 1, 2023 |
| October 2024 | $9,508,558,571 | 838 | March 28, 2024 |
| October 2025 | $11,589,534,489 | 442 | March 31, 2025 |
| October 2026 | $14,102,172,484 | 451 | August 17, 2026 |

Regulatory assets under management: $3,318,066,993 in the October 2021 data and $14,102,172,484 in the October 2026 data, up 325%.
Total employees: 191 in October 2021 and 451 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
- Regulatory assets under management went from $11,589,534,489 to $14,102,172,484 (+22%).
- Changed its office addresses in Hong Kong.
- Changed its office addresses in Sydney.
- Added an office in Dubai.
- Added an office in Frankfurt.

## Source

Form ADV as filed, October 2026. Values appear as filed. Cite as: AdvisorCensus. Oaktree Fund Advisors, LLC (CRD 290193): Form ADV filing data as of October 2026.