Move will enable Oaktree to increase its focus and further capitalize on the large and growing investment opportunity in Asia

Oaktree Capital Group, LLC (NYSE: OAK) today announced that Pedro Urquidi, Global Co-Portfolio Manager and Head of Distressed Debt for Europe and Asia, will relocate to Hong Kong in early April 2019. Mr. Urquidi will continue to lead Oaktree’s non-U.S. flagship distressed debt business as global co-portfolio manager within the Distressed Debt group. Oaktree sees Asia as presenting an important and highly scalable long-term investment opportunity for the firm and its clients.

Bruce Karsh, Co-Chairman and Chief Investment Officer, said, “Pedro has successfully built out and led Oaktree’s European distressed debt business, in addition to launching our dedicated Asian distressed debt effort, and has focused on generating strong investment performance on large sums of aggregate capital deployed. We are delighted to welcome Pedro to Oaktree’s Hong Kong office, where he will continue to lead our overall non-U.S. distressed debt business and help to grow our Asian investment platform firm-wide to further capitalize on the large and growing investment opportunity in Asia.”

Mr. Urquidi said, “Since joining Oaktree in 2005 I have enjoyed leading part of the firm’s successful global expansion and look forward to continuing to lead our European and Asian distressed debt strategies from Hong Kong, while also meaningfully contributing to the overall strengthening and broadening of our investment platform in Asia.”

Oaktree established its presence in Asia in 1998 and today serves its growing client base in the region with approximately 70 employees from offices in Beijing, Hong Kong, Seoul, Singapore, Shanghai, Sydney, and Tokyo.

About Oaktree

Oaktree is a leader among global investment managers specializing in alternative investments, with $120 billion in assets under management as of December 31, 2018. 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 950 employees and offices in 18 cities worldwide. For additional information, please visit Oaktree’s website at www.oaktreecapital.com.

Corporate Communications:Oaktree Capital Group, LLCAndrea D. Williams, +1 (213) 830-6483

Media Relations:Sard Verbinnen & CoJohn Christiansen, +1 (415) 618-8750Miles Radcliffe-Trenner, +852 3842 2200mediainquiries@oaktreecapital.com

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