About Oaktree Specialty Lending Corporation

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) seeks to generate current income and capital appreciation by providing companies with flexible and innovative financing solutions.

Flexible Investment Approach

We opportunistically invest across the capital structure in companies across a variety of industries that typically possess resilient business models with strong underlying fundamentals.

Investment Experience and Acumen

Our team members' long-term experience and expertise in creative, efficient structuring and institutional knowledge of bankruptcies and restructurings enables a focus on risk control that competitors tend to lack.

Access to a Leading Credit Platform

Benefiting from Oaktree’s global sourcing power, our investment team pursues a fundamental, value-driven, opportunistic approach that leverages strong relationships with sponsors and potential borrowers.

A Flexible Approach to Identifying Investment Opportunities

We believe there are ample opportunities for generating alpha in less crowded areas of the direct lending market and in the public debt markets, especially during market dislocations.

Non-Sponsored
Situational Lending

Directly orignated loans to non-sponsor companies that are hard to understand and value using traditional underwriting techniques

Example: Bespoke, proprietary loan to a life sciences company that cannot access bank financing

Select Sponsor-Related Financings

Flexible financing solutions to support leveraged buyouts of companies by sponsors that have expertise in certain industries

Example: Private equity firm focused on the software or healthcare sector

Stressed Sector &
Rescue Lending

Opportunistic private loans in industries experiencing stress or limited access to capital

Example: Company temporarily impacted by COVID-19 headwinds or other macro events

Public Credit

Discounted, high-quality public debt investments, especially in times of market dislocation

Example: Discounted broadly syndicated loan temporarily undervalued due to technical market movements

Investment Focus¹

Seeks to achieve attractive, risk-adjusted returns by investing across private credit with a secondary emphasis on opportunistic discounted public debt

Primary Focus

Private Credit

Bespoke, highly structured private investments in non-sponsor companies that have unique needs, complex business models or specific business challenges
Focus on opportunities that are not well-trafficked by other lenders
Direct lending to businesses backed by sponsors that have demonstrated industry expertise or value long-term partnerships

Secondary Focus

Opportunistic Public Credit

Leverage Oaktree's presence in liquid credit markets to uncover attractive primary market new issuance or discounted secondary opportunities
Examples include broadly syndicated loans, high yield bonds and structured credit
Generally shorter hold periods and smaller positions relative to private credit investments

Value Proposition

Significant scale & presence

Deep and broad credit platform drawing from more than 350 highly experienced investment professionals with significant origination, structuring and underwriting expertise.

Access to an all-weather credit manager

Over three decades of investment experience, in areas ranging from performing credit to distressed debt, over multiple market cycles.

Integrated investment approach with access to proprietary deal flow

Deep relationships with many sources of investment opportunities – private equity sponsors, capital raising advisers and borrowers.

Disciplined credit underwriting process centered on risk control

Bottom-up, fundamental credit analysis at the core of our value-driven investment approach.

A trusted partner across market cycles

We are a trusted partner to financial sponsors and management teams based on our long-term commitment and focus on lending across economic cycles, as well as delivering value and resources beyond financing.

Ability to address a wide range of borrower needs

We are able to provide bespoke, highly structured financing solutions to companies that have unique needs, complex business models or specific business challenges.

Swift, certainty of execution

We focus on providing certainty to borrowers by seeking to provide fully underwritten financing commitments as our broader credit platform has the capacity to fund large loans.

¹For illustrative purposes only and is not meant to be representative of the percentage of OCSL's current or future portfolio that falls or will fall within each category.