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Oaktree Capital Management, LLC was founded in April 1995 by Principals of Trust Company of the West who had directed TCW's high yield bond, convertible value, distressed debt, principal investment and distressed real estate activities. The founders were joined at Oaktree by 90% of their former TCW investment staff, including 100% of the senior investment professionals. Oaktree is comprised of nine Principals and over 900 staff members in Los Angeles, New York, London, Frankfurt, Singapore, Tokyo, Hong Kong, and Stamford, Connecticut. The firm's Private Equity strategy is to invest in companies in which it can obtain control or substantial influence, often (although not necessarily), through the medium of distress. The firm's use of leverage is very limited. In 2001, Oaktree established a new strategy in mezzanine investments with a targeted investment size of $20-$75 million, addressing the need for capital to help finance leveraged buyouts, recapitalizations, acquisitions or corporate growth. The firm's GFI Energy Group, which executes the Power Opportunities investment strategy, seeks to make controlling equity investments. Formed in 1995 as GFI Energy Ventures LLC, the team has originated and financed over seventy transactions, deploying over $2 billion of equity capital in the electricity and natural gas sectors. The firm has 40 portfolio managers with an average experience of 25 years and approximately 1,000 years of combined industry experience.
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