Oaktree Specialty Lending Corp

Oaktree Specialty Lending Corporation (NASDAQ: OCSL) is a specialty finance company structured as a business development company (BDC) under the Investment Company Act of 1940. The company provides customized one-stop credit solutions to middle-market companies with limited access to public or syndicated capital markets. Its investment objective is to generate current income and capital appreciation through first and second lien loans, unsecured and mezzanine loans, bonds, and preferred and common equity investments, including equity co-investments. As of June 30, 2026, the company's portfolio was valued at $2.7 billion across 163 companies, with 85% in senior secured positions (82% first lien) and 91% in floating-rate debt. The company is externally managed by Oaktree Fund Advisors, LLC, an affiliate of Oaktree Capital Management, L.P. OCSL also operates two strategic joint ventures — Senior Loan Fund JV I (Kemper JV) and OCSI Glick JV — that invest primarily in senior secured loans of middle market companies, providing earnings accretion through leveraged structures. The company has significant exposure to software and services, healthcare, capital goods, and pharmaceuticals sectors, with a median portfolio company EBITDA of $189 million. Updated Aug 5, 2026