1988
Howard Marks and Bruce Karsh began investing in distressed debt in 1988, an area Oaktree became best known for.
“when we started that in 88, my partner, Bruce Karsh, and I had this idea”
Topic
Oaktree Capital Management
6 facts from 1 episode, in date order. These are what speakers said on the shows, each linked to the moment it was said. They aren't independently verified.
1995
Oaktree had five founders, who had worked together for an average of nine years before starting the firm.
“the people who started Oak Tree, there were five of us, three others in addition to Bruce and me, had worked together on average for nine years at the time we did it.”
1995
Howard Marks said Oaktree was started in 1995, when he asked for a computer with only Excel and Word.
“But when we started Oak Tree, they gave me a computer. I said, I only want Excel and Word. And that's all I had. But that was 95.”
2018
In 2018, before Brookfield's investment, Oaktree was half owned by public shareholders and half by founders and current and former employees.
“At that time, this was 2018, we were half owned by the public and half owned by the founders, current and former employees.”
2018
Brookfield proposed to buy out Oaktree's public shareholders and a fifth of the founders' and employees' half, giving it just over 60% ownership to start.
“they proposed to offer a fair price to take out the public. That's half. And to buy a fifth of our half. So they started with just over 60%.”
2022
Oaktree Capital Management had $159 billion in assets under management as of the end of June 2022, according to the host.
“with $159 billion in assets under management as of the end of June 2022”
Episodes