Private company

Oaktree Strategic Credit Fund

Oaktree Strategic Credit Fund is a company based in Los Angeles.1

Last updated Oct 20, 2026.

Overview

$313.0MNet income, fiscal 20252
  • HeadquartersLos Angeles, California1
  • Business address333 S. Grand Avenue, 28Th Floor, Los Angeles, Ca 900713
  • Filer categoryNon-accelerated filer3

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Oaktree Strategic Credit Fund (together with its subsidiaries, where applicable, the “Company”, which may also be referred to as “we,” “us” or “our”) is structured as a non-diversified, closed-end management investment company. On February 3, 2022, we elected to be regulated as a business development company (a “BDC”) under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the “Investment Company Act”). We have elected to be treated, and intend to qualify annually to be treated as a regulated investment company (“RIC”) under Subchapter M of the Internal Revenue Code of 1986, as amended (together with the rules and regulations promulgated thereunder, the “Code”).4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

6.9%Return on equity2
0.55×Debt to equity2

Financial statements

Net income2$313.0M in 2025+261% since 2023
0$100.0M$200.0M$300.0M$400.0M2023: $86.6M$86.6M20232024: $247.9M$247.9M2024+186%2025: $313.0M$313.0M2025+26%
Fiscal year20212022202320242025
Interest$21.8M2$114.2M2$170.8M2
Income before tax$68.2M2$224.2M2$330.3M2
Income tax$300.0K2$900.0K2$20.0K2
Net income$86.6M2$247.9M2$313.0M2

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Corporate structure

Oaktree Strategic Credit Fund sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Oaktree Strategic Credit Fund

  • OAKTREE FUND GP I, L.P. Filed SCHEDULE 13D/A on Oaktree Strategic Credit Fund, latest Mar 26, 2026 (2 filings since Mar 15, 2022)
  • Oaktree Strategic Credit Fund Los Angeles, California

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Oaktree Strategic Credit Fund reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$216.0M2 Sep 30, 2025$480.8M2 Sep 30, 2024−55.1%

Properties, in its own words

We do not own any real estate or other physical properties material to our operations. Our administrative and principal executive offices are located at 333 South Grand Avenue, 28th Floor, Los Angeles, CA 90071. We believe that our office facilities are suitable and adequate for our business as it is presently conducted.

Item 2 of the 10-K filed Dec 18, 2025.4

Leadership

Who has led Oaktree Strategic Credit Fund, and when. Pick a name to see everywhere that person has worked.

President

  1. Mathew Pendo2022

Chief financial officer

  1. Christopher McKown2022

Chief operating officer

  1. Matthew Stewart2022
  2. Brett McKeone2026–now
2025
Board members and other officers (2)

Former names

  • Oaktree Opportunistic Income FundJul 13, 2021 to Sep 29, 20213

Timeline

  1. Sep 24, 20268-K Regulation FD disclosure; Other events16
  2. Aug 26, 20268-K Regulation FD disclosure; Other events17
  3. Jul 28, 20268-K Regulation FD disclosure; Other events18
  4. Jun 24, 20268-K Regulation FD disclosure; Other events19
  5. May 27, 20268-K Regulation FD disclosure; Other events20
  6. May 20, 20268-K Regulation FD disclosure21
  7. Apr 24, 20268-K Regulation FD disclosure; Other events22
  8. Mar 27, 20268-K Regulation FD disclosure; Other events23
  9. Feb 25, 20268-K Regulation FD disclosure; Other events24
  10. Feb 11, 20268-K Regulation FD disclosure25
  11. Jan 27, 20268-K Regulation FD disclosure; Other events26
  12. Dec 29, 20258-K Regulation FD disclosure; Other events27

Filings

219 filings to the SEC since October 2021: 4 annual reports, 15 quarterly reports, 80 major events, 13 insider forms, 2 large holders, 105 other. The latest 20:

  1. Sep 24, 20268-K EDGAR
  2. Sep 16, 2026SC TO-I/A EDGAR
  3. Aug 26, 20268-K EDGAR
  4. Aug 14, 2026SC TO-I EDGAR
  5. Aug 14, 2026SC TO-I/A EDGAR
  6. Aug 13, 2026424B3 EDGAR
  7. Aug 12, 202610-Q EDGAR
  8. Jul 28, 20268-K EDGAR
  9. Jun 24, 20268-K EDGAR
  10. Jun 17, 2026SC TO-I/A EDGAR
  11. May 27, 20268-K EDGAR
  12. May 21, 2026424B3 EDGAR
  13. May 20, 20268-K EDGAR
  14. May 15, 2026SC TO-I EDGAR
  15. May 15, 2026SC TO-I/A EDGAR
  16. May 14, 202610-Q EDGAR
  17. May 4, 202640-17G EDGAR
  18. Apr 24, 20268-K EDGAR
  19. Mar 27, 2026SC TO-I/A EDGAR
  20. Mar 27, 20268-K EDGAR

The 219 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

1 open-market trades by officers, directors and large owners since October 2021: 1 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Mar 7, 2022OCM HOLDINGS I, LLC10% ownerBuy1,600,000$25.00$40.0MForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Oaktree Strategic Credit Fund is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAROaktree Strategic Credit Fund1
  • CIK0001872371
  • Employer ID (EIN)87-68277424
  • Filer statusNon-accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company4
  • Incorporated inDelaware4
  • Fiscal year endsSeptember 301
  • Business address333 S. Grand Avenue, 28Th Floor, Los Angeles, CA 900711
  • Phone213-830-63001
  • Shares outstanding148,708,880 Common Class I shares; 58,689,088 Common Class S shares; 407,124 Common Class D shares; 138,636 Common Class T shares as of Dec 17, 20254
  • Public float$0 as of Sep 30, 20252
  • AuditorErnst & Young LLP, Los Angeles, California PCAOB ID 42; no auditor attestation of internal control over financial reporting4
  • On EDGAR sinceJul 13, 20211
  • Filings231 in all: 8-K (79), 424B3 (27), SC TO-I/A (21), SC TO-I (17), 10-Q (15), 3 (13), 40-17G (6), CORRESP (6)1
    All 30 form types

    N-14 8C/A (5), 10-K (4), 40-APP/A (4), 486BPOS (4), DRS/A (4), 40-APP (3), EFFECT (3), 4 (2), APP NTC (2), N-14 8C (2), N-2 (2), POS EX (2), 486APOS (1), 8-A12G (1), 8-K/A (1), APP ORDR (1), DRS (1), N-2/A (1), N-54A (1), N-6F (1), SC 13D (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Dec 18, 2025
    Quarterly report (10-Q) Aug 12, 2026
    Latest 8-K (8-K) Sep 24, 2026

Risk factors and legal proceedings

The risks Oaktree Strategic Credit Fund names in Item 1A of its 10-K filed Dec 18, 2025: 73 risks under these headings, as written.4

  • Market, Legal and Regulatory Risks
  • Risks Related to Our Investments
  • Risks Related to an Investment in the Company and the Common Shares
  • Risks Related to Our Notes
  • Risks Related to the Adviser and its Affiliates; Conflicts of Interest
  • Federal Income Tax Risks
  • General Risk Factors
  • We are subject to regulatory oversight and requirements that restrict our activities and increase our cost of doing business.
  • We are subject to additional risks as a result of being regulated as a BDC and taxed as a RIC.
  • We are not registered with the CFTC as a commodity pool operator but may be required to do so in the future.
  • Existing and future financial reform legislation applicable to alternative asset managers and financial institutions more generally could have a material adverse impact on our business and results of operations.
  • General economic conditions in the Eurozone could adversely affect our ability to make investment in Europe and the performance of any existing investments in Europe.
The other 68 risks
  • We and our portfolio companies are subject to regulations related to privacy, data protection and information securities, and any failure to comply with these requirements could result in fines, sanctions or other penalties, which could have a material adverse effect on our business and our reputation.
  • We are subject to risks associated with artificial intelligence and machine learning technology.
  • We may be held jointly and severally liable for any fine imposed on a portfolio company under EU competition laws.
  • MiFID II obligations could have an adverse effect on the ability of Oaktree and its MiFID-authorized EEA affiliates to obtain and research in connection with the provision of an investment service.
  • We are subject to risks associated with sustainability matters.
  • Regulation of derivatives transactions in the United States and other jurisdictions may have a negative impact on the performance of our investments.
  • Compliance with anti-money laundering requirements could require Oaktree and the Adviser to provide to governmental authorities information about the Company’s shareholders and could require that a shareholder’s funds be frozen or that the shareholder withdraw from the Company.
  • Economic and trade sanctions and anti-bribery laws could make it more difficult or costly for us to conduct our operations or achieve our business objectives.
  • We may face a breach of our cyber security, which could result in adverse consequences to our operations and exposure of confidential information.
  • We are subject to risks associated with inflation.
  • We may have no or limited insurance against certain catastrophic losses.
  • We may not be able to obtain all required licenses.
  • As a public company, we are subject to regulations not applicable to private companies, such as provisions of the Sarbanes-Oxley Act. Efforts to comply with such regulations will involve significant expenditures, and non-compliance with such regulations may adversely affect us.
  • Compliance with the SEC’s Regulation Best Interest may negatively impact our ability to raise capital, which would harm our ability to achieve our investment objective.
  • Investments in privately owned small- and medium-sized companies pose a number of significant risks.
  • Changes in interest rates may affect our cost of capital and net investment income.
  • Elevated interest rates have the effect of increasing our net investment income, which makes it easier for our Adviser to receive incentive fees.
  • We face risk of loss in connection with transactions with counterparties, settlements and exposure to local intermediaries.
  • Developments in the banking sector could materially affect the success of our activities and investments.
  • Tariffs may adversely affect us or our portfolio companies.
  • We are subject to risks associated with international conflicts.
  • Our investments are subject to environmental risks.
  • We and/or our portfolio companies may be materially and adversely impacted by global climate change.
  • We may invest in derivative instruments from time to time, which present various risks, including market, counterparty, operational and liquidity risks.
  • Investments in options and warrants present risk of loss, including as a result of price movements of underlying securities.
  • We will bear certain risks associated with any bridge financing we provide to portfolio companies.
  • Securities purchased or sold on a when-issued, “when, as and if issued,” delayed delivery or forward commitment basis could increase the volatility of our NAV.
  • We invest in significant amounts of loans or other debt instruments, including debt-like instruments such as preferred equity, and bank loans and participations, which pose unique risks.
  • Our portfolio companies may incur debt that ranks equally with, or senior to, our investments in such companies.
  • We may invest in secured or unsecured loans and are subject to risk of loss upon a borrower default.
  • We invest in companies that are highly leveraged, and, in most cases, our investments in such companies will be in below investment grade securities, which are viewed as having predominately speculative characteristics.
  • Non-performance or defaults by our portfolio companies would harm our operating results.
  • We may invest in event-driven special situations.
  • We invest in lower-rated loans and debt instruments, which are subject to greater risk of loss of principal and interest than higher-rated loans and debt instruments.
  • We invest in bank loans, which have associated risks that are different from those of other debt instruments.
  • Borrowers may elect to repay the principal on an obligation earlier than expected.
  • We may engage in short sale transactions.
  • Our investment portfolios may be subject to high turnover rates, which will increase commission and transaction costs.
  • Both we and our portfolio companies may be leveraged.
  • We borrow money, which magnifies the potential for gain or loss on amounts invested and may increase the risk of investing in us.
  • We may default under our credit facilities.
  • Provisions in a credit facility may limit our investment discretion.
  • Leveraged portfolio companies may pose higher risk of default.
  • We may enter into reverse repurchase agreements, which involve many of the same risks posed by our use of leverage.
  • We issue senior securities and/or incur indebtedness, and any amounts that we use to service our senior securities or indebtedness will reduce amounts distributable to holders of our Common Shares.
  • We may invest in distressed or bankrupt companies, and investing in companies involved in bankruptcy proceedings presents significant risks.
  • Investments in real estate and mortgage-backed securities carry risks, including fluctuations in value and complications associated with events of default.
  • We may have difficulty successfully pursuing claims in the courts of non-U.S. countries.
  • We are subject to risk of becoming involved in litigation by third parties as a result of our investment activities.
  • We may be subject to potential allegations of lender liability.
  • The exercise of control of, or significant influence over, a portfolio company may impose additional risks of liability.
  • We are subject to contingent liabilities on disposition of our investments.
  • We may invest in subordinated loans.
  • We may be subject to risks associated with our investments in unitranche loans.
  • We may invest in loans that have limited amortization requirements.
  • We may have a limited ability to protect our investment in portfolio companies as a result of making non-controlling investments.
  • We are exposed to risks associated with OID and PIK interest income.
  • The illiquid nature of certain of our investments may make it difficult for us to sell these investments when desired.
  • We may utilize different investment techniques not described in this Annual Report.
  • We may be subject to risks associated with currency exchange transactions.
  • We may invest in collateralized loan obligations and other securitizations and structured products.
  • We may make investments in “covenant-lite” loans.
  • We may invest in transactions on an expedited basis.
  • Our investment portfolio may not be diversified across companies, industries, types of securities or geographic regions.
  • Our Board of Trustees has broad discretionary power with respect to our investment objective, policies and strategies.
  • Our Board of Trustees may amend our Declaration of Trust without prior shareholder approval.
  • The market for our target investments is highly competitive.
  • We rely on portfolio company management teams to operate their businesses successfully.

Legal proceedings

From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under loans to or other contracts with our portfolio companies. We are not currently subject to any material legal proceedings, and, to our knowledge, no material legal proceeding is threatened against us.

The opening of Item 3, Legal Proceedings.4

Sources

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