Oaktree Specialty Lending (OCSL)

Oaktree Specialty Lending Corporation is a business development company specializing in investments in middle market, bridge financing, first and second lien debt financing, unsecured and mezzanine loans, mezzanine debt, senior and junior secured debt, expansions, sponsor-led acquisitions, preferred equity, and management buyouts in small and mid-sized companies. The firm seeks to invest in various sectors, including education services, business services, retail and consumer, healthcare, manufacturing, food and restaurants, construction and engineering. It also looks for investment opportunities in media, advertising, software, IT services, pharmaceuticals, biotechnology, real estate management and development, chemicals, machinery, and internet and direct marketing retail sectors. Oaktree Specialty Lending Corporation invests between $5 million to $75 million, principally in the form of one-stop, first lien, and second lien debt investments, which may include an equity co-investment component in companies. The firm targets companies with an enterprise value between $20 million and $150 million and EBITDA between $3 million and $50 million. The fund has a hold size of up to $75 million and may underwrite transactions up to $100 million. It primarily invests in North America and seeks to be a lead investor in its portfolio companies.