Our Company
Oaktree is a leader among global investment managers specializing in alternative investments, with $193 billion in assets under management. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities. The firm has over 1,200 employees and offices in 22 cities worldwide.
We are committed to cultivating an environment that is collaborative, curious, inclusive and honors diversity of thought. Providing training and career development opportunities and emphasizing strong support for our local communities through philanthropic initiatives are essential to our culture.
For additional information please visit our website at www.oaktreecapital.com.
The Oaktree ABF strategy:
Oaktree Asset Backed Finance (“ABF”) is a recently formed strategy which invests in pools of contractual assets, or “assets”, such as loans, leases, receivables, mortgages and licensing agreements, which may or may not reference property or other hard assets. Asset categories include corporate, consumer, real estate, transportation, equipment, infrastructure, energy, intellectual property and other esoteric types. On behalf of ABF funds and clients, Oaktree
- Purchases, or commits to purchase, assets, with or without leverage
- Lends, or commits to lend, secured by assets, in a senior or mezzanine position
- Insures, or provides capital relief against, assets
- Provides essential capital to a business primarily engaged in the origination and servicing of assets
While Oaktree has significant experience successfully investing client capital in ABF opportunities as a sub-allocation to existing funds, Oaktree ABF represents Oaktree’s first client offering dedicated to ABF. Based on the expanding ABF opportunity set and client demand, Oaktree ABF is expected to grow significantly. Oaktree judges the ABF Strategy’s success and value by outcomes delivered to clients, consistent with or exceeding expectations, over the medium and long term.
Overview of Role & Qualifications
The Vice President will contribute to all phases of the investment process, from sourcing, through decision points, to investment realization.
- Recognizing that Oaktree sources opportunities and leads through a variety of internal and external channels, the ABF Vice President will follow up on introductions and inquiries of potential relevance to the ABF strategy.
- Collect, evaluate, organize and summarize initial information which accompanies an ABF opportunity such as teasers, pitch decks, meetings or emails.
- Participate in calls, virtual meetings and in-person meetings with asset originators, borrowers, sellers and their respective advisors, taking careful notes.
- For those opportunities determined to be potentially attractive for Oaktree funds and clients, lead or participate in diligence, negotiation of terms and documentation, building models and preparing investment memoranda for consideration by the ABF investment committee.
- Gain familiarity with Oaktree’s various pools of capital available for ABF investments, including the constraints imposed by fund investment guidelines, capital considerations, regulators and Oaktree’s internal policies and procedures.
- Present information about investments, both actual and considered, to partners such as clients, prospects, financing providers and co-investors. Participate in monitoring, surveillance and valuation of existing investments.
- Train and supervise associates and analysts on the ABF team.
- Perform other tasks as required.
Experience required
- 7 + years relevant experience within asset finance or structuring at an investment bank or investing across securitized collateral types at an investment manager.
- Facility with Excel and PowerPoint, commensurate with years of experience.
- Strong experience reviewing financial agreements for relevant business points and to find answers to specific questions.
- Knowledge of fixed income fundamentals, asset backed finance and securitization, commensurate with years of experience.
- Experience executing private asset backed investments (without relying on an arranging bank to structure the investment) preferred, but not required.
- Experience leading rating process of an asset backed investment preferred, but not required.
Attributes
- Clever, intellectually curious, resourceful, enjoys solving problems, quick study
- Driven, productive, responsible, detail oriented, organized
- Team oriented with high integrity
- Professional and a strong communicator in a variety of formats
- Effective teacher and student
Education
Bachelor’s Degree from a top university
Base Salary Range
$250,000 - $275,000
In addition to a competitive base salary, you will be eligible to receive discretionary bonus incentives, a comprehensive benefits package and a flexible work arrangement. The base salary offered will be commensurate with experience and/or qualifications, industry knowledge and expertise, as well as prior training and education.
Equal Opportunity Employment Policy
Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances. This policy applies to hiring, placement, internal promotions, training, opportunities for advancement, recruitment advertising, transfers, demotions, layoffs, terminations, recruitment advertising, rates of pay and other forms of compensation and all other terms, conditions and privileges of employment. This policy applies to all Oaktree applicants, employees, clients, and contractors. Staff members wishing to report violations or suspected violations of this policy should contact the head of their department or Human Resources.
For positions based in Los Angeles
For those applying for a position in the city of Los Angeles, the firm will consider for employment qualified applicants with a criminal history in a manner consistent with applicable federal, state and local law.
