Oaktree Capital

HQ: Los Angeles, CA
AUM: $183.3B
STRATEGY: Hedge
SEC SINCE: 1995

FUNDS

MEDIAN NET IRR

8.4%

MEDIAN TVPI

1.42x

LP SOURCES

FUNDS

FUND	VINTAGE	COMMITMENT	NET IRR	TVPI	DPI	DIVERGENCE	SOURCES
Oaktree Special Situations Fund II, L.P.	2018	$100M	25.8%	1.82x	1.01x	review	Minnesota SBI
Oaktree Special Situations Fund III	2022	$200M	24.7%	1.36x	0.38x	watch	Minnesota SBI
Oaktree Power Opportunities Fund VI, L.P	2022	$150M	20.7%	—	—	—	2 sourcesTMRS UTIMCO
Oaktree Opportunities Fund XI	2020	$300M	9.2%	1.33x	0.60x	—	3 sourcesOregon OPERF WSIB Minnesota SBI
Oaktree Real Estate Opportunities Fund VIII	2020	$200M	-0.2%	1.00x	0.28x	—	Minnesota SBI
Oaktree Real Estate Debt III	2020	$200M	3.7%	1.10x	0.27x	—	Minnesota SBI
Oaktree Latigo Investment Fund, L.P.	2020	$1,000M	10.1%	1.40x	0.73x	—	CalPERS
Oaktree Opportunities Fund Xb, L.P.	2018	$100M	11.1%	1.71x	0.64x	—	5 sourcesOregon OPERF WSIB Minnesota SBI Florida SBA LACERS
Oaktree Opportunities Fund X, L.P.	2015	$50M	8.4%	1.51x	1.12x	—	4 sourcesOregon OPERF WSIB Minnesota SBI LACERS
Oaktree Special Situations Fund, L.P.	2014	$100M	-1.4%	0.92x	0.39x	—	Minnesota SBI
Oaktree Opportunities Fund IX	2013	$75M	8.0%	1.86x	1.24x	—	6 sourcesOregon OPERF PA SERS WSIB Florida SBA Illinois TRS UTIMCO
Oaktree Opportunities Fund IX Oaktree Capital Management, LLC Illiquid Credit	2012	$100M	8.0%	1.82x	1.23x	—	LACERA
Oaktree Opportunities Fund VIIIb, L.P.	2011	$200M	8.2%	1.68x	1.64x	—	4 sourcesCalPERS Oregon OPERF Florida SBA UTIMCO
Oaktree European Principal Fund III, L.P	2011	$50M	4.4%	1.28x	1.12x	—	3 sourcesNC Retirement Wisconsin SWIB Oregon OPERF
Oaktree Opportunities Fund VIII-B, L.P.	2011	$125M	8.2%	1.70x	1.64x	—	WSIB
Oaktree European Principal Fund III U.S.	2011	$75M	4.9%	1.39x	1.14x	—	CalSTRS
Oaktree Power Opportunities Fund III	2010	$25M	—	—	1.52x	—	2 sourcesPA SERS UTIMCO
Oaktree Opportunities Fund VIII, L.P. Oaktree Capital Management, LLC Illiquid Credit	2010	$37.5M	8.6%	1.42x	1.42x	—	LACERA
Oaktree Opportunities Fund VIII, L.P.	2009	$50M	9.1%	1.46x	1.46x	—	4 sourcesOregon OPERF WSIB Florida SBA UTIMCO
Oaktree Principal Fund V	2009	$100M	1.5%	1.07x	1.07x	—	2 sourcesOregon OPERF WSIB
Oaktree Opportunities VIII	2009	$30M	9.1%	—	—	—	MainePERS

›8 FUNDS WITH LIMITED DATA

These funds appear in LP disclosures (typically commitment-only records) but lack reported performance metrics. Click any fund to see its underlying reports.

FUND	VINTAGE	COMMITMENT	NET IRR	TVPI	DPI	DIVERGENCE	SOURCES
OAKTREE PINEHURST CO-INVEST LP	—	—	—	—	—	—	UTIMCO
OAKTREE POWER OPPORTUNITIES FUND IV LP	—	—	—	—	—	—	UTIMCO
OAKTREE POWER OPPORTUNITIES FUND V LP	—	—	—	—	—	—	UTIMCO
Oaktree Real Estate Debt Fund II, L.P.	—	—	—	—	—	—	Illinois TRS
Oaktree Real Estate Debt Fund III, L.P.	—	—	—	—	—	—	Illinois TRS
Oaktree Real Estate Income Fund, L.P.	—	—	—	—	—	—	MOSERS
Oaktree ROF V	—	—	—	—	—	—	SC RSIC
Oaktree ROF VI	—	—	—	—	—	—	SC RSIC

DATA PROVENANCE

Every figure on this page comes from a public LP disclosure. The following pension systems reported on Oaktree Capital.

LP SOURCE	LATEST REPORT	REPORTS	DISCLOSURE
Minnesota SBI	Dec 2025	8	VIEW SOURCE ↗
CalPERS	Sep 2025	2	VIEW SOURCE ↗
MainePERS	Sep 2025	1	VIEW SOURCE ↗
Oregon OPERF	Sep 2025	8	VIEW SOURCE ↗
WSIB	Sep 2025	7	VIEW SOURCE ↗
UTIMCO	Aug 2025	8	VIEW SOURCE ↗
CalSTRS	Jun 2025	1	VIEW SOURCE ↗
Illinois TRS	Jun 2025	3	VIEW SOURCE ↗
LACERS	Jun 2025	2	VIEW SOURCE ↗
MOSERS	Jun 2025	1	VIEW SOURCE ↗
NC Retirement	Jun 2025	1	VIEW SOURCE ↗
LACERA	Mar 2025	2	VIEW SOURCE ↗
TMRS	Dec 2024	1	VIEW SOURCE ↗
Wisconsin SWIB	Dec 2024	1	VIEW SOURCE ↗
PA SERS	Sep 2024	2	VIEW SOURCE ↗
Florida SBA	Jun 2024	106	VIEW SOURCE ↗
SC RSIC	Jun 2024	2	VIEW SOURCE ↗