Oaktree Capital Management, L.P.
2026 Undergraduate Intern, Global Opportunities
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Our Company
Oaktree is a leader among global investment managers specializing in alternative investments, with about $200 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 1200 employees and offices in 24 cities worldwide.
Global Opportunities is an all-weather strategy launched in 1988 and serves as the flagship strategy of Oaktree Capital Management, which is headquartered in Los Angeles and manages $205 billion in assets under management (AUM). As of January 2025, the Global Opportunities strategy itself oversees $47 billion in AUM. Originally known as Distressed Opportunities, the strategy has deep roots in distressed debt, reorganizations, and restructurings. Over the past 30 years, it has evolved into a broad and flexible investment platform with a mandate to invest across the capital structure in both public and private markets, including debt, equities, and special situations.
For additional information please visit our website at www.oaktreecapital.com. More information about our summer development program can be found here. Participation in our summer program does not guarantee future employment.
The Role
Oaktree is seeking a summer intern with a 2028 expected graduation date. The Intern will focus on transaction functions and portfolio management activities, while being part of our international internship program. As part of this program you will have contact with senior leaders and opportunities to participate in events in and outside of the Oaktree office.
Responsibilities include:
Assisting the team in preparing detailed financial models
Aiding in performing quantitative and qualitative analysis
Developing and maintaining business and industry due diligence
Assisting in conducting deal structuring, legal documentation, negotiations and post-closing deal monitoring
Qualifications
Knowledge of financial modeling
Exceptional analytical skills
Strong capabilities in Excel
Personal Attributes
Self-motivated with strong attention to detail and excellent work ethic
Outstanding initiative and a self-starter
Excellent written, verbal, and interpersonal communication skills
Team-oriented and collaborative and must possess strong integrity and professionalism
Education
Currently pursuing a Bachelor’s degree with a high GPA from a university or college.
Summer Stipend:
$43/hour
More About the Strategy:
Currently investing out of Fund XII, which has approximately $15 billion in commitments and has already deployed half of the capital raised, the strategy benefits from long-duration capital—typically locked up for 10+ years—allowing for a patient, long-term investment horizon. It boasts a track record of delivering gross unlevered internal rates of return (IRRs) exceeding 20% over more than 25 years.
Led since inception by Oaktree Co-founder and Portfolio Manager Bruce Karsh, the strategy targets a wide-ranging set of opportunities: providing proprietary structured financing solutions to borrowers with limited access to capital; acquiring assets in out-of-favor industries; and building platforms with exceptional management teams to pursue undervalued, niche, or dislocation-driven investments. It also invests in companies and hard assets, stressed securities, and unusual instruments. The strategy’s lean deal teams—typically composed of two to three investment professionals—operate within a culture of apprenticeship, fostering deep expertise and agility.
In recent decades, Global Opportunities has expanded its geographic footprint to include more countries and regions with established legal systems and restructuring regimes, further enhancing its ability to source and execute complex transactions worldwide.
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.
Oaktree Capital Management, L.P. Los Angeles, California, USA Office
333 South Grand Avenue, Los Angeles, CA, United States, 90071
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