Oaktree Capital Management is a global asset manager that specializes in alternative investments, with a focus on credit, equity, and real estate. Its products are built from bottom-up, company-specific research to identify risk-controlled opportunities in sub-investment grade assets—such as high-yield bonds, distressed debt, senior loans, and convertible securities—and are assembled into portfolios managed for institutions seeking risk-adjusted returns. The firm differentiates itself through a long history in credit and distressed assets, a strict value-and-contrarian approach, and independence within the Brookfield Asset Management group since 2019, rather than relying on macro timing. Its goal is to deliver durable, risk-adjusted returns for institutional clients while growing assets under management within an independent Brookfield platform.
Company Size
1,001-5,000
Company Stage
N/A
Total Funding
$3.1B
Headquarters
Los Angeles, California
Founded
1995
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Saol Therapeutics has secured up to $115 million in milestone-based funding from Oaktree to prepare for the commercial launch of SL1009, its investigational treatment for pyruvate dehydrogenase complex deficiency, a rare mitochondrial disease with no approved therapies. The clinical-stage pharmaceutical company filed an NDA resubmission on 30 June 2026, with the FDA setting a target action date of 30 December 2026. The financing will support launch readiness, with additional capital released upon meeting regulatory, clinical, and commercial milestones. Future funds would back lifecycle expansion of SL1009 into Congenital Lactic Acidosis and development of SL1002 for additional pain indications and spasticity. Separately, Saol received a Notice of Allowance from the USPTO for a patent covering SL1009 administration methods, anticipated to expire in 2045. The transaction closed on 11 September 2026.
Oaktree Insurance Dedicated Fund II Series of the SALI Multi-Series Fund has raised $224.2 million through an exempt securities offering with no fixed size limit, according to a filing dated 10 September 2026. The fund operates as a Delaware limited partnership and pooled investment fund. SALI Fund Partners serves as general partner, with Cameron Vail signing the notice as managing director. The fund is based in Austin, Texas. A separate Oaktree Insurance Dedicated Fund Series of the same SALI Multi-Series Fund reported raising $110.6 million in a distinct offering, also with indefinite size. The Series II offering covers all US states as its jurisdiction.
Vivax-Metrotech enters into a partnership with Oaktree to drive strategic growth Last change: 02.09.2026, 04:54
System One, a Pittsburgh-based provider of specialized technical outsourced services and workforce solutions, has completed an investment from funds managed by Oaktree Capital Management and StepStone Group. Financial terms were not disclosed. Founded over 40 years ago, System One operates in more than 50 locations and employs over 10,000 professionals, primarily in the United States. The company serves blue-chip and government clients across utilities, telecom, industrial, and other commercial sectors with critical infrastructure needs. The investment will support System One's growth strategy and expand its service capabilities. Oaktree, which was already an investor, renewed its partnership whilst StepStone joins as a new investor. Moelis served as financial adviser and Kirkland & Ellis as legal counsel to System One and Oaktree. Debevoise & Plimpton advised StepStone.
System One announces strategic investment partnership with Oaktree and StepStone Group. By System One September 01, 2026 PITTSBURGH, Pa., September 1, 2026 - System One announced it has completed a new investment from funds managed by Oaktree Capital Management, L.P. ("Oaktree") and StepStone Group L.P. ("StepStone"). Financial terms were not disclosed. System One is a leading provider of specialized, highly technical outsourced services and workforce solutions to end markets with critical infrastructure. The Company is a trusted and essential partner to thousands of blue-chip and government clients - delivering specialized, highly technical expertise and resources to execute the most complex, mission-critical programs and accelerate results. Founded more than 40 years ago, System One operates in over 50 locations and employs more than 10,000 professionals predominantly in the United States. "I am very proud of the platform we've built, centered around technical solutions, and our talented employees delivering trusted expertise and mission-critical services for our clients," said Troy Gregory, System One's Chairman and CEO. "We're excited to renew our partnership with Oaktree and bring StepStone into our investor group as we continue to execute our strategic growth initiatives, expand our capabilities, and invest in our platform and employees to enhance the value we bring to our clients." "System One has established itself as a leader in technical solutions, with a strong commitment to its people, clients, and culture of delivering high-quality solutions," said Jimmy Lee, Managing Director and Assistant Portfolio Manager at Oaktree. "We are proud of our partnership with the entire System One organization during a period of significant growth and look forward to continuing our support of the Company's strategic growth plan." Geoff Dolan, Partner at StepStone, said, "System One has built a highly respected platform known for its technical expertise, customer focus, and ability to deliver critical solutions to its clients. We're excited to partner with Oaktree and look forward to supporting System One and its talented team." Together, Oaktree and StepStone's investments will support System One's continued growth strategy, strengthen its ability to serve clients, and create new opportunities across its expanding portfolio of services and solutions. Moelis served as financial advisor and Kirkland & Ellis served as legal counsel to System One and Oaktree. Debevoise & Plimpton served as legal counsel to StepStone. About System One System One is a leading provider of specialized, highly technical outsourced services and workforce solutions to end markets with critical infrastructure, including utilities, telecom, industrial, government and other commercial sectors. System One, Inc. is a trusted and essential partner to large private and public organizations, mobilizing specialized resources and expertise to execute complex, mission-critical programs. Founded more than 40 years ago, System One operates in over 50 locations and employs more than 10,000 professionals across the United States, Canada, the United Kingdom, and Brazil. More information is available at www.systemone.com. About Oaktree As a part of Brookfield's $416B credit platform, Oaktree is a premier credit manager emphasizing an opportunistic, value-oriented, and risk-controlled approach to investing across credit, equity, and real estate. The Power Opportunities investment strategy seeks to invest in market-leading companies that provide essential products and services to owners of critical infrastructure across electric power, natural gas, water, wastewater and other energy and utility-related businesses based in North America and Europe. To learn more about its global business and investment ethos, please visit oaktreecapital.com. About StepStone Group StepStone Group, L.P. is a global private markets investment firm that provides customized investment solutions, advisory services, and portfolio monitoring across private equity, private debt, infrastructure, real assets, and real estate. With a global platform spanning fund investments, secondaries, co-investments, and direct investments, StepStone serves institutional and private wealth investors around the world. The firm is entrusted with approximately $245 billion in assets under management and operates through a network of offices across North America, Europe, Asia-Pacific, and Latin America. For more information, visit www.stepstonegroup.com. Looking for business solutions?