August 20, 2014 9:07 PM ET

Capital Markets

Company Overview of Oaktree Capital Management, L.P.

Company Overview

Oaktree Capital Management, L.P. is a private equity firm specializing in marketable securities and private investments. The firm’s marketable securities investments include high yield bonds, convertible securities, high-income convertibles, European high yield bonds, and international convertibles. Within high yield bonds, it purchases only debt of solvent United States and Canadian corporations and emphasize senior, cash-paying securities, and thorough diversification. The firm eschews emerging nation debt sector and does not shift adroitly from sector to sector. It invests in senior secured and second lien debt, syndicated mezzanine transactions, senior bank loans, and high yield bonds an...

333 South Grand Avenue

28th Floor

Los Angeles, CA 90071

United States

Founded in 1995

Phone:

213-830-6300

Fax:

213-830-6293

Key Executives for Oaktree Capital Management, L.P.

President
Age: 59
Principal and Chairman
Age: 67
Principal
Age: 55
Principal and Portfolio Manager
Age: 56
Principal
Age: 58
Compensation as of Fiscal Year 2014.

Oaktree Capital Management, L.P. Key Developments

Final Bidders Reportedly Selected for Ulster's Asset Portfolio

Four firms have been named as the final bidders for a portfolio of assets of Ulster Bank Group. Cerberus Capital Management, L.P., Lone Star Funds and Oaktree Capital Management, L.P. along with Deutsche Bank AG (DB:DBK) have progressed to the second and final round of the bidding process, according to CoStar. The final deadline for bids is September 19, 2014.

Bascom and Oaktree Capital Management, L.P. Acquire The Edge at Traverse Point

Bascom and funds managed by Oaktree Capital Management, L.P. has acquired The Edge at Traverse Point, a 296-unit Class 'A' apartment community located at 1131 Wigwam Parkway, Henderson, Nevada. The sale closed on July 25, 2014. This is the second multifamily acquisition in the past month for the Venture. The Venture was launched with its first acquisition of The Springs Apartments, a 320-unit garden style community in Corona, California, acquired in March 2014. The Edge is a newly constructed Class 'A' apartment community in the highly desirable City of Henderson, which is located in the Southern Las Vegas metro. The property was built in 2013 and offers one of the best-in-class finishes in the immediate submarket. The interiors include granite countertops, in-unit washer and dryers, stainless steel appliances, modern wood cabinetry and flat-screen TVs. Exterior finishes and amenities include a luxurious clubhouse, resort-style pool with cabanas, café, business center and 24-hour fitness center with towel and water service. The unit-mix consists of 35% one-bedroom, 54% two-bedroom and 11% three-bedroom units. The property is immediately adjacent to expanding development with new commercial offices across the street. Major employers within 15 miles include Zappos, St. Rose Dominican Hospital, Ocean Spray, WinCo Foods and the Las Vegas Strip. The Edge offers an exceptional opportunity to invest in a new Class 'A' property in a rapidly recovering market where rents are still significantly below their 2007 peak.

The Bascom Group, LLC and Oaktree Capital Management, L.P. Partner to Acquire $250 Million Value-Added Multifamily Properties in United States

The Bascom Group, LLC and certain funds managed by Oaktree Capital Management, L.P. have structured a new venture to acquire $250 million in value-added multifamily properties throughout the United States. The venture was launched with its first acquisition, The Springs Apartments (Springs), a 320-unit garden style community located at 650 Ebbcreek Drive, Corona, California. The Springs closed on June 25, 2014 for $43,200,000. Debt financing was provided by OneWest Bank and sourced by Brian Eisendrath of CBRE. The Springs was built in 1987, and consists of 20 residential buildings on a sprawling 13.3 acre site located in West Corona, California. The unit mix is comprised of 25% one-bedroom and 75% two-bedroom units with fully equipped kitchens and balconies or patios in all apartment homes. Common area amenities include two pool areas, fitness center, and a well-landscaped central courtyard with tot-lot and grilling stations. The property is well located with direct access to the greater Orange County and Los Angeles Metro areas. With excellent proximity to major employers, transportation corridors, shopping, dining and entertainment along the busy I-15/91 Corridor, the Springs is an attractive choice for Southern California renters.

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