Talk:Oaktree Capital Management

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Oaktree Update (talk · contribs) This user has contributed to the article.

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LeiaVOaktree (talk · contribs) has been paid by Oaktree Capital Management on their behalf.

Edit request

This edit request by an editor with a conflict of interest was declined.

Hi, I work for Oaktree Capital Management and therefore have a conflict of interest.

In 2019, Brookfield Asset Management acquired a 61% majority of Oaktree Capital, all of the common Class A stock, which effectively delisted Oaktree from the New York Stock exchange, moving Oaktree from being a publicly listed entity to a privately held one. As such, much of the information in the current article is significantly outdated and will not be updated, and is of questionable relevance to its current operations and corporate structure as a privately held entity.

I'd like to propose the removal of the detailed funds charts, including Closed-end funds, Open-end funds and Evergreen funds, as well as those listed under the "Assets" headline, as they are no longer relevant and do not enhance the Wikipedia article as a whole.

Thanks for your help, LeiaVOaktree (talk) 09:17, 12 October 2021 (UTC)[reply]

Not done: If the charts and the assets section were removed, the article would be nothing more than a stub. Quetstar (talk) 15:43, 12 October 2021 (UTC)[reply]

Potential removal of funds info

@LeiaVOaktree: per request at my talk page I came to take a look. Could you clarify why the changes in ownership make the fund listing less relevant for the article? Thanks. North8000 (talk) 19:56, 18 October 2021 (UTC)[reply]

@North8000: thanks so much for taking the time to look at this. That information may be historically correct but is no longer accurate or relevant. In general, public funds disclose fund performance for transparency reasons, and to allow stakeholders to track performance over time. In this case, the firm has been privately listed since 2019, which means that any updates or changes to this information will not be made public. As far as my understanding goes, regardless of the current status of the funds, the details mentioned don't add any real value to a reader from an encyclopedic perspective and are not related to the subject's notability. I believe WP:INDISCRIMINATE applies here. If you feel that some of the information is notable in its own right, I propose including it in the history section, instead. Thanks again for your help, LeiaVOaktree (talk) 22:54, 19 October 2021 (UTC)[reply]

I took out the detailed fund info. Sincerely, North8000 (talk) 16:18, 20 October 2021 (UTC)[reply]

@North8000: Thanks so much for your help with this. Much appreciated.

I see that you chose to leave the "Assets" table- was this because you feel it is still relevant despite the change in status? The figures can only be sourced from our own website (which, if I understood correctly, is generally frowned upon anyway), which discloses less (though more current) information than is currently listed here every quarter. Over the next year, the firm intends to restructure the amount of disclosure even further, so any advice I can offer on how best to update this may not be relevant several months from now. Given this information, it still seems to make most sense, from Wikipedia's perspective, to simply remove the table.

If you disagree, the current, most relevant figures can be found here: https://www.oaktreecapital.com/about, and I'm happy to advise/help format them to suit the article. Thanks again for your help, LeiaVOaktree (talk) 00:12, 29 October 2021 (UTC)[reply]

This may be helpful for your future work. You had a proposed edit (and recommendation and supporting reasons) for removal of the funds info and I did it. You did not do any of that for the removal of the assets tables. Now you've sort of done that and it looks cool to me and I'll take it out. Sincerely, North8000 (talk) 01:39, 29 October 2021 (UTC)[reply]

North8000, sorry for the delayed response. Thanks so much for your help and guidance on this.

I may have additional suggestions in the future. If so, can I reach out to you again? Thank you again for your help, LeiaVOaktree (talk) 21:44, 9 November 2021 (UTC)[reply]

LeiaVOaktree Sure, happy to. North8000 (talk) 21:52, 9 November 2021 (UTC)[reply]

Tag removal

This edit request by an editor with a conflict of interest has now been answered.

Hi there. I would like to open a discussion regarding the removal of the "advertisement" tag on the article. I realize this will likely require changes to the existing text- would it be helpful if I were to propose these changes? Or is it best if a neutral editor takes this on by themselves? Happy to help however I can.

Pinging North8000 who helped with my earlier request. Any guidance/assistance you can offer would be much appreciated.

Thanks for your time, LeiaVOaktree (talk) 20:24, 16 November 2021 (UTC)[reply]

The wording has some of those types of issues. I'll see if I can help fix. North8000 (talk) 20:29, 16 November 2021 (UTC)[reply]

I did a tweak or two, but IMO there really is such a problem here. What makes it not an easy fix is that the issue is subtle, and in lots of places in the article. It's selection of what to put in does sound like Oaktree describing itself rather than an encyclopedia describing them. Including lots of "first to..." "largest in....." "offers these opportunities to investors...." type stuff. Sincerely, North8000 (talk) 20:48, 16 November 2021 (UTC)[reply]

Request has been responded to. When issues above have been resolved, a new edit request can be posted. Z1720 (talk) 20:06, 25 November 2021 (UTC)[reply]

Tag removal 2

This edit request by an editor with a conflict of interest has now been answered.

Hi again. After reviewing the feedback above, I've gone through the article and attempted to remove any non-neutral language and unsourced material. I've posted my suggestions in a userspace draft to make this process simpler. My revision includes the removal of sections "Investment philosophy", "Investment focus", and almost all of "Investment funds", as well as the removal of numerous details that could be deemed promotional or non-notable. I'm happy to discuss any of this further or answer any questions you may have.

Pinging North8000 again here, as he has been so helpful thus far.

Thanks again, LeiaVOaktree (talk) 18:17, 10 December 2021 (UTC)[reply]

Proposing changes via a total rewrite of the article makes it very hard for the reviewer because it means they need to a "compare and contrast" between the entire two articles. I did a trick at your draft page to do that and all of the changes look good. The second is that subbing in a total re-write can cause the evolution of the article to get obscured. Since the changes were pretty much separate and evolutionary, I think that this will not be a problem. I'll try to sub it in. We'll leave review for the tag to be part 2. North8000 (talk) 19:22, 10 December 2021 (UTC)[reply]

OK, I subbed it in.North8000 (talk) 19:33, 10 December 2021 (UTC)[reply]

I took the advert tag off. Looks much better now.North8000 (talk) 19:36, 10 December 2021 (UTC)[reply]

@North8000: thank you! I did debate between a long breakdown here, a marked-up draft, and a clean draft... Would love to hear which approach would have been best, in your opinion. In any case, I really appreciate you taking the time to look this over and to implement everything. Thanks again for your help. LeiaVOaktree (talk) 19:52, 13 December 2021 (UTC)[reply]

@LeiaVOaktree: Cool! Nice work! Answering your question, for most editors (or to have a better chance of getting people to make edits for you) I would recommend proposing as separate changes. In this case the planets aligned and it turned out fine how you did it. BTW "the planets aligning" was all of these things:

You stayed on good & safe ground with all of your changes. A partial acceptance would have been messy
I'm experienced enough to do the whole analysis and to feel comfortable approving it.
Your edits were separate changes, not a whole reorganization. If it was the latter would have been much harder to see/review the changes on and also made them hard to see in the article history. And "harder to see/review changes on" puts editors on yellow alert, doubly so with a potential-COI situation.

Sincerely, North8000 (talk) 20:28, 13 December 2021 (UTC)[reply]

Moving content

Hi, I have some suggestions for the article which would limit redundancy and ensure that content appears in the most fitting sections on the page:

In Firm overview, the sentence which begins "In 2008, ..." is reiterated again under the 2000s subsection. As it relates to a specific event which happened in 2008 and given that the firm has since raised larger distressed funds, this sentence doesn't seem to belong under Firm overview but rather in 2000s only - can you please remove it from Firm overview?

There is a single sentence under the header Other recent funds which is no longer recent but rather from a source from 2015. Can you please move the sentence under the 2010s subsection and remove the unnecessary header?

The information under the header NYSE listing took place in 2012 and seems to better fit within the 2010s subsection rather than under its own header within the 2020s subsection, which is also the incorrect decade. Can you please move the content to the 2010s subsection and remove the unnecessary header?

The events recorded under the header Acquisition of Control by Brookfield occurred in 2019 and seem to belong in the 2010s subsection rather than under its own header within the 2020s subsection, which is also the incorrect decade. Would you please move the content to 2010s and remove the unnecessary header?

I would appreciate assistance implementing these edits. Thank you, LeiaVOaktree (talk) 19:22, 26 September 2024 (UTC)[reply]

Done @LeiaVOaktree: As always, thank you for following the COI editing protocol. All edits requested were accepted. --Jprg1966 ^(talk) 00:35, 5 October 2024 (UTC)[reply]

Thank you very much, Jprg1966. I am working on additional updates for the article and will be in touch when they are ready. LeiaVOaktree (talk) 16:04, 7 October 2024 (UTC)[reply]

Additional Updates

Hi, here are some suggestions to update the page:

Expand the 2020s subsection as follows:

In November 2021, Oaktree closed its largest fund, Opportunities Fund XI LP, after collecting $15.9 billion.^[1] In March 2022, Oaktree acquired a majority stake in 17Capital, a private credit firm based in London.^[2]^[3] In February 2023, the company launched a private credit fund, Oaktree Lending Partners, which finances private equity takeovers.^[4]^[5] In June 2023, Robert O’Leary and Armen Panossian were named as the incoming co-CEOs.^[6] As of August 2023, Oaktree was trying to raise over $18 billion for its 12th fund, Oaktree Opportunities Fund XII, potentially becoming the largest-ever private debt fund.^[7]

Move the content currently listed under Investment funds to Firm overview as it is very general, and remove the (then unnecessary) header.

References

^ Cumming, Chris (November 16, 2021). "Oaktree Capital Closes Its Largest-Ever Fund". The Wall Street Journal.
^ Kozlowski, Rob (March 9, 2022). "Oaktree Capital gets majority stake in private credit firm 17Capital". Pensions & Investments.
^ Gara, Antoine (April 20, 2022). "Oaktree-backed 17Capital raises almost $3bn for first credit fund". Financial Times.
^ Platt, Eric (February 28, 2023). "Oaktree Capital moves into leveraged buyout lending with $10bn fund". Financial Times.
^ Faille, Christopher (February 28, 2023). "Oaktree launches private credit fund, targeting $10bn raise". Private Debt Investor.
^ Gottfried, Miriam (June 27, 2023). "Oaktree Capital to Appoint New Leadership at Firm". The Wall Street Journal.
^ Brown, Silas; Benitez, Laura; Hidalgo, Kat (August 10, 2023). "Oaktree Targets Record Private Debt Fund of Over $18 Billion". Bloomberg.

Pinging Jprg1966 who was so helpful with previous edits. Thanks so much! LeiaVOaktree (talk) 23:14, 9 October 2024 (UTC)[reply]

I'll review this tomorrow. Upon first glance, looks quite doable. --Jprg1966 ^(talk) 03:34, 11 October 2024 (UTC)[reply]

Done --Jprg1966 ^(talk) 20:21, 11 October 2024 (UTC)[reply]

Thank you so much, Jprg1966. Much appreciated. LeiaVOaktree (talk) 20:46, 15 October 2024 (UTC)[reply]

[1] Cumming, Chris (November 16, 2021). "Oaktree Capital Closes Its Largest-Ever Fund". The Wall Street Journal.

[2] Kozlowski, Rob (March 9, 2022). "Oaktree Capital gets majority stake in private credit firm 17Capital". Pensions & Investments.

[3] Gara, Antoine (April 20, 2022). "Oaktree-backed 17Capital raises almost $3bn for first credit fund". Financial Times.

[4] Platt, Eric (February 28, 2023). "Oaktree Capital moves into leveraged buyout lending with $10bn fund". Financial Times.

[5] Faille, Christopher (February 28, 2023). "Oaktree launches private credit fund, targeting $10bn raise". Private Debt Investor.

[6] Gottfried, Miriam (June 27, 2023). "Oaktree Capital to Appoint New Leadership at Firm". The Wall Street Journal.

[7] Brown, Silas; Benitez, Laura; Hidalgo, Kat (August 10, 2023). "Oaktree Targets Record Private Debt Fund of Over $18 Billion". Bloomberg.

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