a. advisory business Oaktree Capital Management, L.P. (“Oaktree” or “we”) was founded in April 1995 and is a leader among global investment managers specializing in alternative investments. Oaktree manages assets across a wide range of investment strategies within four asset classes: Credit, Private Equity, Real Assets, and Listed Equities, described more fully in Item 8 below. Oaktree offers investment advisory services in the investment strategies more fully described in Item 8 below to clients with separately managed accounts (“Managed Accounts”) and to private limited partnerships and other investment vehicles (“Managed Funds”) for which either Oaktree or an affiliate acts as general partner and/or investment manager. Our Managed Funds may include any separately managed accounts structured as a limited partnership or limited liability company managed by us with the client as the limited partner or non-managing member. Our Managed Accounts and Managed Funds are sometimes referred to in this brochure collectively as “accounts” or “Oaktree Accounts.” Clients establish Managed Accounts with Oaktree by depositing funds or securities into accounts maintained by qualified independent custodians and granting Oaktree discretionary authority to invest such funds pursuant to each client's investment needs, objectives, and restrictions as stated in each client's management agreement and other account documentation with Oaktree. The investment objectives and restrictions of Managed Funds are detailed in the relevant Managed Fund’s governing documents. The principal owners of Oaktree are Oaktree Capital Group Holdings, L.P. and Oaktree Capital Management GP, LLC. References to Oaktree and we, as the context requires, include non-U.S. affiliates that provide investment advisory services to accounts. Eight of those affiliates are relying advisers of Oaktree and are more fully described under Item 10 below. As of December

31, 2023, we managed $159,701,792,344 on a discretionary basis and $1,775,649,788 on a non- discretionary basis. b. brookfield asset management Oaktree’s asset management business is indirectly controlled by Brookfield Oaktree Holdings, LLC (“BOH”) (formerly known as Oaktree Capital Group, LLC) and Oaktree Capital Holdings, LLC (“OCH”) (formerly known as Atlas OCM Holdings, LLC). A majority of Oaktree’s business is owned by Brookfield Corporation and Brookfield Asset Management Ltd. (collectively, “Brookfield”) and the remainder is owned by current and former Oaktree executives and employees. and certain related individuals and entities. Brookfield’s ownership interest in Oaktree’s business is held through BOH, OCH and related entities. Brookfield and Oaktree operate their respective investment businesses largely independently, with each operating under its own brand and led by its existing management and investment teams, and Oaktree and Brookfield generally managing their investment operations independently of each other subject to an information barrier between the firms. Oaktree does not consider Brookfield or its affiliates to be its “advisory affiliates” or “related persons” for purposes of this Form ADV. For more information regarding Brookfield and its affiliates, please refer to the Form ADV of Brookfield affiliated investment advisers: Brookfield Public Securities Group LLC (CRD# 110497), Brookfield Asset Management PIC Canada, LP (CRD# 151605), Brookfield Asset Management Private Institutional Capital Adviser (Credit), LLC (CRD# 170811), Brookfield Asset Management PIC Adviser (Private Equity), L.P. (CRD# 171207), Brookfield Asset Management PIC U.S. LLC (CRD# 151599), Brookfield Asset Management PIC BMG, LLC. (CRD# 312797), Brookfield Asset Management Reinsurance Advisor LLC (CRD# 312792), and Brookfield Renewable Energy Group LLC (CRD# 316590).