Private fund adviser · LOS Angeles, CA
Oaktree Capital Management, L.P.
SEC-registered investment adviser · CRD 106793 · SEC 801-48923
At a glance
Oaktree Capital Management, L.P. is an SEC-registered investment adviser based in LOS Angeles, California, with $183.3 billion in regulatory assets under management as of its Form ADV filed August 17, 2026. Its largest client group by assets is pooled investment vehicles. By Form ADV it is a private fund adviser, ranked 35th of 4,686 private fund advisers and 146th of 17,210 SEC-registered advisers by assets.
Main office 213-830-6300oaktreecapital.comLinkedInAs filed on Form ADV
- Regulatory AUM
- $183B
- Rank among private fund advisers
- #35 of 4,686
- Rank among all SEC RIAs
- #146 of 17,210
- Rank in California
- #12 of 1,873
- Clients
- 373
- Accounts
- 620
- Discretionary
- 99% of AUM
- Employees
- 905
- Advisory staff
- 282
- Offices
- 18
Owners and executives on its Form ADV
- Howard S. MarksCo-Chairman
- Bruce A. KarshCo-Chairman, Chief Investment Officer
- Sheldon M. StonePrincipal
- John B. FrankVice Chairman
- Rodney P. VencatachellumManaging Director and Chief Compliance Officer
- Robert J. O'LearyCo-Chief Executive Officer
- Armen R. PanossianCo-Chief Executive Officer
- Jay K. GhiyaChief Operating Officer
- Martin A. BoskovichManaging Director and General Counsel
- Karly E. DyckChief Financial Officer
Custody and brokerage
Broker-dealer
Hybrid RIA
Oaktree Capital Management, L.P. is a hybrid RIA: 53 of its employees are also registered representatives of a broker-dealer. It names an affiliated broker-dealer: OCM Investments, LLC.
- OCM Investments, LLC ↗CRD 128803
It doesn’t hold client accounts or customer funds itself. Its annual audited report filed with the SEC, March 2026
Its Form ADV brochure (filed August 2026) names OCM Investments as the broker-dealer its advisers are registered with.
Certain Oaktree employees that are involved in marketing activities are registered representatives of OCM Investments, LLC .
Who it serves
| Client type | Clients | Regulatory AUM | Share |
|---|---|---|---|
| Pooled investment vehicles | 275 | $149B | 81% |
| Insurance companies | 30 | $16B | 9% |
| Pension and profit sharing plans | 37 | $9.9B | 5% |
| State or municipal government entities | 12 | $5.5B | 3% |
| Corporations or other businesses | 12 | $1.6B | <1% |
| Other investment advisers | 2 | $394M | <1% |
| Other | 3 | $394M | <1% |
| Charitable organizations | 1 | $309M | <1% |
| Sovereign wealth funds and foreign official institutions | 1 | $283M | <1% |
Private funds
Oaktree Capital Management, L.P. reports 284 private funds with $109B in gross assets: hedge funds, private equity funds, securitized asset funds, other private funds (Form ADV Item 7.B).
Disciplinary disclosures
Oaktree Capital Management, L.P. answers yes to 6 disclosure items in Item 11 of Form ADV (criminal, regulatory or civil matters involving the firm or its advisory affiliates). Read the details on the SEC’s adviser search ↗
Services
- Portfolio management for individuals and small businesses
- Portfolio management for pooled investment vehicles
- Portfolio management for businesses and institutions
How it’s paid
- A percentage of assets under management
- Performance-based fees
Form ADV and brochures on the SEC’s adviser search ↗oaktreecapital.com ↗
AtlasMembers
The full record on Oaktree Capital Management, L.P.
Ten years of SEC filings, its owners and contacts, and how it stacks up against its peers. Atlas members see all of it.
- Assets, accounts, clients and staff, ten years of filings
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- Growth over one, three and five years
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- Rank against 130 peers of its type and size
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- 10 namedLocked
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Background
Questions
How much does Oaktree Capital Management, L.P. manage?
Oaktree Capital Management, L.P. reports $183.3 billion in regulatory assets under management across 620 accounts, 99% of it on a discretionary basis, on its Form ADV filed August 17, 2026.
What kind of firm is Oaktree Capital Management, L.P.?
Oaktree Capital Management, L.P. is a private fund adviser by its Form ADV answers. Private funds are at least half of its business by assets. A public reporting company controls it.
Who are Oaktree Capital Management, L.P.’s clients?
By assets, its largest client types are pooled investment vehicles ($149.3 billion, 275 clients); insurance companies ($15.6 billion, 30 clients); pension and profit sharing plans ($9.9 billion, 37 clients).
Does Oaktree Capital Management, L.P. manage private funds?
Yes. It reports 284 private funds with $108.8 billion in gross assets, including hedge funds, private equity funds, securitized asset funds, other private funds.
Does Oaktree Capital Management, L.P. have any disciplinary history?
Oaktree Capital Management, L.P. answers yes to 6 disclosure items in Item 11 of Form ADV, which covers criminal, regulatory and civil matters involving the firm or its advisory affiliates. The details are on the SEC’s adviser search.
Where these numbers come from
Every figure is Oaktree Capital Management, L.P.’s own answer on its latest Form ADV, from the SEC’s registered-adviser list as of October 1, 2026: regulatory assets and accounts (Item 5.F), clients by type (5.D), employees (5.A and 5.B), compensation (5.E) and services (5.G). Custodians come from Schedule D 5.K(3) of its latest filing (2026-08-17), which lists those holding 10% or more of separately managed account assets and the amount at each. “Hybrid” means some employees are also registered representatives of a broker-dealer (Item 5.B(2)); affiliated broker-dealers are the related persons it lists in Item 7.A and Schedule D. Firm type comes from its own answers: broker-dealer firms are registered broker-dealers themselves (Item 6.A); private fund advisers manage mostly private funds (Item 7.B, 5.D); wealth managers manage at least half their assets for individuals (5.D). Ranks compare it by regulatory assets with every SEC-registered adviser and with firms of its type. Figures are as of the firm’s last annual update, so they can lag recent deals and market moves. Regulatory AUM counts assets the firm continuously supervises and can differ from what a firm markets.
Not an endorsement or a recommendation. Before hiring any adviser, read its Form ADV Part 2A brochure and check its record on the SEC’s adviser search. How to check a financial advisor →