Oaktree Specialty Lending OCSL Business Segments
| Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | ||
|---|---|---|---|---|---|---|
| Investment owned, percent of net assets (as a percent) by Geography | ||||||
| International | 22.8%+0.2pp | 22.5%-1.7pp | 24.2%+0.9pp | 23.3%+3.5pp | 19.8%+0.3pp | |
| Midwest | 35.8%+0.3pp | 35.5%+2.8pp | 32.7%-0.4pp | 33.2%-0.4pp | 33.5%+3.9pp | |
| Northeast | 70.6%+3.1pp | 67.5%+2.7pp | 64.8%+4.5pp | 60.3%-4.2pp | 64.6%-0.2pp | |
| Northwest | 0.9%0.0pp | 0.9%+0.3pp | 0.7%— | 0%— | 0%-4.0pp | |
| South | 10%+0.3pp | 9.7%-1.4pp | 11.1%-0.8pp | 11.9%-0.5pp | 12.4%-0.1pp | |
| Southeast | 29%-0.1pp | 29.2%+2.9pp | 26.3%+0.5pp | 25.7%0.0pp | 25.8%+0.9pp | |
| Southwest | 12.8%-3.8pp | 16.6%+1.4pp | 15.1%+1.1pp | 14.1%-4.4pp | 18.5%-0.5pp | |
| West | 18.3%-5.2pp | 23.5%+4.1pp | 19.4%-2.4pp | 21.8%+0.2pp | 21.6%+0.3pp | |
| Investment owned, at cost by Geography | ||||||
| International | $309.9M-0.5% | $311.48M-8.3% | $339.83M+3.1% | $329.69M+14.6% | $287.64M+2.6% | |
| Midwest | $507.62M-3.1% | $523.62M+6.7% | $490.84M-1.6% | $498.75M-1.3% | $505.12M+15.7% | |
| Northeast | $1.13B+2.6% | $1.1B+2.5% | $1.07B+6.6% | $1.01B-5.5% | $1.06B+3.9% | |
| Northwest | $13.66M+0.1% | $13.65M+41.8% | $9.62M— | $0— | $0-100% | |
| South | $143.18M+1.3% | $141.28M-14.1% | $164.43M-8.2% | $179.13M-4.1% | $186.84M+1.1% | |
| Southeast | $494.03M-4.2% | $515.68M+7.7% | $479.01M+1.7% | $471.22M+0.2% | $470.11M+16.4% | |
| Southwest | $209.08M-21.1% | $264.86M+13.1% | $234.19M+7.5% | $217.93M-22.5% | $281.29M-0.3% | |
| West | $262.59M-22.5% | $339.03M+19.1% | $284.59M-8.2% | $310.08M-2.9% | $319.2M+0.6% | |
| Investments at fair value by Geography | ||||||
| International | $314.4M-2.8% | $323.49M-8.8% | $354.86M+3.0% | $344.57M+18.0% | $292.12M+3.5% | |
| Midwest | $494.45M-2.9% | $509.24M+6.2% | $479.45M-2.0% | $489.42M-1.0% | $494.22M+15.3% | |
| Northeast | $975M+0.6% | $969.13M+2.0% | $949.84M+6.6% | $891.02M-6.4% | $952.44M+1.4% | |
| Northwest | $12.75M-3.5% | $13.21M+38.2% | $9.56M— | $0— | $0-100% | |
| South | $138.27M-0.8% | $139.38M-14.5% | $162.95M-7.1% | $175.36M-4.4% | $183.35M+0.7% | |
| Southeast | $401.1M-4.2% | $418.71M+8.7% | $385.28M+1.4% | $380.02M0.0% | $380.05M+5.3% | |
| Southwest | $177.07M-25.7% | $238.17M+7.3% | $221.92M+7.0% | $207.49M-23.8% | $272.42M-0.7% | |
| West | $253.33M-25.0% | $337.77M+19.0% | $283.93M-11.7% | $321.5M+1.0% | $318.17M+3.0% | |
| Concentration risk (as a percent) by Geography | ||||||
| International | 0.4%-10.6pp | 11%+10.8pp | 0.2%-2.0pp | 2.2%— | —— | |
| Midwest | 0.6%-16.7pp | 17.3%— | 0%-0.3pp | 0.3%-3.8pp | 4.2%-8.8pp | |
| Northeast | 2.5%-31.8pp | 34.3%+32.8pp | 1.5%— | 0%-1.3pp | 1.3%-31.6pp | |
| Northwest | 0%-0.4pp | 0.5%+0.1pp | 0.3%— | 0%+1.9pp | -1.9%-3.9pp | |
| South | 0.3%-4.5pp | 4.7%— | —— | —— | —— | |
| Southeast | 0%-16.0pp | 16.1%— | 0%-0.5pp | 0.5%+0.2pp | 0.3%-14.5pp |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- How does Oaktree Specialty Lending break its business down?
- Oaktree Specialty Lending (OCSL) reports investment owned, percent of net assets (as a percent) by geography across 8 parts — International, Midwest, Northeast, Northwest and South. Each is extracted from the segment footnotes and tracked over time.
- Where does Oaktree Specialty Lending's segment data come from?
- Segment breakdowns are pulled from the segment footnotes in Oaktree Specialty Lending's SEC filings (the XBRL dimensional tags), so every line ties back to a reported figure. Switch between quarterly, annual, and TTM, or open any segment for its full history.