Niva WealthLet’s talk

Oaktree Fund Advisors

SEC-registered adviser since 2018Los Angeles, CACRD 290193

$14.1B
AUM
16
Clients
See fees
Fee
225
Advisory staff

From Form ADV filed 17 August 2026 · data retrieved 15 October 2026SEC record

Oaktree Fund Advisors is an investment adviser headquartered in Los Angeles, California, and registered with the SEC since 2018. Its clients include business development companies, investment companies and pooled investment vehicles.

Its services include portfolio management for investment companies and portfolio management for pooled vehicles. Fee arrangements include a percentage of assets under management and performance-based fees. Oaktree Capital II, L.P. (manager Series) owns 75% or more of Oaktree Fund Advisors, and Robert O'Leary is its CEO.

Clients

Oaktree Fund Advisors serves 16 clients, 10 of them investment companies. The average client has about $881 million with the firm.

Regulatory assets by client type
  • Investment companies10 clients11%
  • Business development companies3 clients88%
  • Pooled investment vehicles3 clients1%
Show client breakdown
Investment companies
Clients
10
Regulatory AUM
$1,576,414,263
Share
11.2%
Avg. per client
$157.6M
Business development companies
Clients
3
Regulatory AUM
$12,372,110,747
Share
87.7%
Avg. per client
$4.12B
Pooled investment vehicles
Clients
3
Regulatory AUM
$153,647,474
Share
1.1%
Avg. per client
$51.2M

Total

Clients
16
Regulatory AUM
$14,102,172,484
Share
100%
Avg. per client
$881.4M

What it does

Oaktree Fund Advisors provides portfolio management for investment companies and portfolio management for pooled vehicles. It is paid through a percentage of assets and performance-based fees.

Oaktree Fund Advisors advises no private funds.

100.0% of assets ($14.10B across 14 accounts) are managed with discretion. 6% of clients are outside the U.S., and 5 clients received advice without assets under management last fiscal year.

Custodians

Oaktree Fund Advisors does not have custody of client assets.

Managed account assets by custodian
  • All other custodians$14.10B100%

Ownership and leadership

Oaktree Capital II, L.P. (manager Series) owns 75% or more of Oaktree Fund Advisors, and Robert O'Leary is its CEO.

Who owns the firm
Oaktree Fund Advisors, LLC· the adviser

  • Oaktree Capital II, L.P. (manager Series)

    Control person · since September 2017

    Owns 75% or more of Oaktree Fund Advisors, LLC

Leadership

  • Robert O'Leary
    Co-Chief Executive Officer
  • Armen Panossian
    Co-Chief Executive Officer
  • Karly Dyck
    Chief Financial Officer
  • Jay Ghiya
    Chief Operating Officer
  • Rodney Vencatachellum
    Managing Director and Chief Compliance Officer
  • Martin Boskovich
    Managing Director and General Counsel
  • John Frank
    Vice Chairman
  • Bruce Karsh
    Co-Chairman, Chief Investment Officer
  • Howard Marks
    Co-Chairman
  • Sheldon Stone
    Principal

Staff

  • 451 employees
  • 225 in advisory functions
  • 53 broker-dealer reps

Reported holdings

Oaktree Fund Advisors’ reported 13F holdings total $57.8M across 14 positions, and the ten largest make up 95.7% of it.

$57.8M
Reported 13F value
14
Positions
95.7%
In the 10 largest
+1.5%
Value vs. prior quarter
Ten largest positions, share of reported value
  1. Anglogold Ashanti PLC23.6%
  2. Barrick Mining Corp.15.4%
  3. Itau Unibanco Holding SA11.8%
  4. Ypf SA10.0%
  5. Freeport-mcmoran Inc.9.0%
  6. Sea Ltd7.0%
  7. Makemytrip Ltd6.2%
  8. XP Inc.6.2%
  9. Embraer SA3.4%
  10. NN Inc.3.1%

Together, the ten largest are 95.7% of reported value.

The 14 largest positions and quarterly changesQuarter ended 30 June 2026 · filed 14 August 2026

A 13F covers only exchange-traded long positions the firm holds with discretion, so this $57.8M is not its $14.10B in regulatory assets and does not represent any individual client's portfolio.

Fees

Oaktree Fund Advisors is paid through a percentage of assets under management and performance-based fees.

Oaktree Fund Advisors’ fee rates are not included in this profile. Find its brochure on the SEC’s site.

Offices and registrations

Besides its headquarters, Oaktree Fund Advisors has 12 offices, with 7 listed addresses across 4 states.

Listed office addresses by state

California · 2 listed addresses

  • 333 South Grand Avenue, 28th FL, Los AngelesHQ
  • 555 S Flower Street, Los Angeles

Registration details

Legal name
Oaktree Fund Advisors, LLC
Headquarters
333 South Grand Avenue, 28th FL, Los Angeles, CA 90071
Phone
213-830-6300
Website
Not reported
SEC file
801-112570
Structure
Delaware LLC
Fiscal year end
December

This directory does not report disciplinary history, for any firm or individual, in either direction. The SEC publishes the complete record, including any disciplinary events, and it is the authoritative place to check one. See this firm's record on adviserinfo.sec.gov

Common questions

How many clients does Oaktree Fund Advisors have?

Oaktree Fund Advisors has 16 clients and manages $14.1 billion for them, as of August 2026. They include 10 investment companies, 3 business development companies and 3 pooled investment vehicles.

Source: Form ADV Part 1A, Items 5.D and 5.F, filed 17 August 2026

What services does Oaktree Fund Advisors offer?

Oaktree Fund Advisors provides portfolio management for investment companies and portfolio management for pooled vehicles.

Source: Form ADV Part 1A, Item 5.G, from the SEC's 2 October 2026 data file

How many financial advisors does Oaktree Fund Advisors have?

Oaktree Fund Advisors has 0 investment adviser representatives registered with state securities authorities, out of 451 employees, and 225 perform investment advisory functions. 53 are registered representatives of a broker-dealer and 0 are licensed insurance agents.

Source: Form ADV Part 1A, Items 5.A and 5.B, from the SEC's 2 October 2026 data file

Who owns Oaktree Fund Advisors?

Oaktree Fund Advisors is owned through a chain of holding companies by Brookfield Corporation. Its direct owner is Oaktree Capital II, L.P. (manager Series) (75% or more).

Source: Form ADV Part 1A, Schedules A and B, filed 17 August 2026

How does Oaktree Fund Advisors get paid?

Oaktree Fund Advisors is paid through a percentage of assets under management and performance-based fees. Its Form ADV lists no commissions among how it is paid.

Source: Form ADV Part 1A, Item 5.E, from the SEC's 2 October 2026 data file

Sources

  1. Form ADV Part 1A, amendment filed 17 August 2026. Items 1, 5, 9, 11 and Schedules A, B and D.
  2. IAPD firm record, CRD 290193.
  3. Form 13F-HR, filed 14 August 2026 for the quarter ended 30 June 2026.

Retrieved 15 October 2026. All are published by the SEC and may have been amended since.

Download source data (JSON)How this directory is compiledReport a correction

This profile is compiled from public regulatory filings and is provided for informational purposes only. Niva Wealth is not affiliated with Oaktree Fund Advisors, LLC and makes no representation about the quality of its services. Figures reflect the filing dates shown and may have changed. Ownership percentages are the bands reported to the SEC, not exact figures.