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Year Founded: 1995

AUM: $160.00B | Dry Powder: $31.73B
333 South Grand Avenue, Los Angeles, CA 90071, United States
Oaktree Capital Management is an asset management firm that specializes in public equity, private equity, infrastructure, real estate, fixed income markets and alternative asset markets. The firm seeks to invest in the crude petroleum, natural gas, coal, consumable fuels, environmental facilities services etc.

Key Contacts

  • Jay Wintrob JD
    Chief Executive Officer & Board Member
  • Daniel Levin
    Chief Financial Officer & Managing Director
  • Rachel Chao
    General Manager & Managing Director, Marketing

Investment Preferences

  • Preferred Industries
    Energy Equipment, Energy Services, Exploration, Production and Refining, Forestry, Healthcare Services, Other Financial Services, Pharmaceuticals etc.
  • Geographical Preference
    N/A
  • Preferred Deal Types
    Bonds, Buyout/LBO, Convertible Debt, Corporate Divestiture, Debt – General, Loan, Mezzanine, PE Growth/Expansion, Senior Debt
  • Other Investment Preferences
    • Invests in GP Stakes
    • Seeks distressed investments
    • Seeks ESG investments
    • Will lead on a deal
    • Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

Power Opportunities Fund VI
Vintage: 2022

Size: $153.0M

Dry Powder: NA

Details: The fund targets investments in the energy sector

Energy Infrastructure Fund
Vintage: 2018

Size:  $30.3M

Dry Powder: $8.0M

Details: The fund targets investments in the energy and infrastructure sectors

Power Opportunities Fund V
Vintage: 2018

Size: $1.4B

Dry Powder: $585.5M

Details: It preferably invests in energy and business products & services sectors

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In December 2021, Diversified Energy Company and funds managed by Oaktree Capital Management, acquired of Oklahoma-based Tapstone Energy Holdings, LLC  for $419 million. Oaktree Capital Management acquired 48.75% of the working interest in the Assets for $192 million and Diversified Energy Company acquired the remaining 51.25% for $218 million. Tapstone Energy operates as a growth-oriented, independent oil and natural gas company focused on the development and production of oil and liquids-rich natural gas resources in the Anadarko Basin in Oklahoma, Texas and Kansas

In November 2021, Montana Renewables, LLC raised $300 million of convertible debt investment from Oaktree Capital Management and other undisclosed lenders. Montana is an operator of renewable diesel project designed to process soybean oil feedstock to generate energy

In November 2021, TPI Composites Inc entered into a definitive agreement to receive $350 million of development capital from Oaktree Capital Management through a private placement. TPI is engaged in manufacturing composite wind blades

In September 2021, Priority Power Management, an independent energy services provider offering smart energy solutions and streamlined transitions to carbon neutrality, secured $250 million investment from funds managed by Oaktree Capital Management and other select institutional investors. Ara Partners, that acquired Priority Power in 2019, will continue to hold an ownership stake in the firm

In December 2020, Oaktree Capital Management, invested $100 million in preferred equity in BKV towards BKV’s notable deal with Devon Energy Corporation pertaining to acquisition of Devon’s assets in the Barnett Shale. Through this strategic partnership, Oaktree committed to invest an additional $600 million in future agreed opportunities in natural gas

In November 2020, Oaktree Capital Management, L.P. formed partnership with FourPass Energy, LLC to acquire and operate large-scale, oil-weighted, producing oil and gas assets. Oaktree’s $900 million pledge includes $600 million in initial equity, with an option to upsize the commitment by $300 million

In June 2019, Hartree Partners and Oaktree Capital Management-backed platform company Hartree Bulk Storage, agreed to acquire natural gas storage assets in the Gulf Coast from Martin Midstream Partners. The deal comprises the Arcadia, Cadeville, Monroe and Perryville gas storage facilities. Hartree Bulk Storage agreed to pay $215 million in cash for the assets

In May 2019, Oaktree Capital Management and Private Equity Group of Ares Management Corporation invested $50 million in Infrastructure and Energy Alternatives, Inc. Under the terms of the transaction, the funds purchased $50 million of newly created Series B Preferred Stock. Infrastructure and Energy Alternatives, Inc. (IEA) is an infrastructure construction company with specialized energy and heavy civil expertise

Other Details

Oaktree Capital Management is a global alternative investment management firm with expertise in credit strategies. Oaktree has more than 1,050 employees with offices in Los Angeles (headquarters), and 19 other locations. Oaktree has originated and financed over 100 transactions in the energy and power industries. These investments represent over $5 billion in equity capital

One of Oaktree’s latest open fund is Oaktree Transportation Infrastructure Capital Partners, which is an infrastructure opportunistic fund. The fund is located in Los Angeles, California. The fund targets investments in the transportation and infrastructure sectors. As of November 2022, Washington State Investment Board is planning to allocate $250 million into the fund.

Abenex, Accel, AGRO Merchants Group, Aisling Capital, Alchemy Partners, Alcentra Capital, Alceon Group, Almada Group, Alta Equity Partners, AmericanWest Bank, Apollo Global Management, Apax Partners, Arden Realty, Ares Management are some of the institutional investors who invest along with Oaktree

Source: Company Website, The PE Hub Network, WSJ Pro, Oilgasequity.com, Globe Newswire, Business Wire, Renewables Now, SparkSpread