Oaktree Specialty Lending OCSL Business Segments
| TTM Q2 '26 | TTM Q1 '26 | TTM Q4 '25 | TTM Q3 '25 | TTM Q2 '25 | ||
|---|---|---|---|---|---|---|
| Investment owned, percent of net assets (as a percent) by Geography | ||||||
| International | 92.8%+3.0pp | 89.9%+3.0pp | 86.8%+0.4pp | 86.5%-2.1pp | 88.6%-4.6pp | |
| Midwest | 137.1%+2.3pp | 134.8%+5.9pp | 128.9%+6.5pp | 122.5%+4.9pp | 117.5%+7.9pp | |
| Northeast | 263.2%+6.0pp | 257.2%+2.7pp | 254.5%-0.1pp | 254.6%-5.8pp | 260.4%+1.7pp | |
| Northwest | 2.5%+0.9pp | 1.6%-3.1pp | 4.7%-3.3pp | 8%-6.3pp | 14.3%-8.1pp | |
| South | 42.7%-2.4pp | 45.1%-2.9pp | 48%-4.8pp | 52.8%-4.5pp | 57.4%-3.6pp | |
| Southeast | 110.2%+3.3pp | 106.9%+4.3pp | 102.7%-1.9pp | 104.6%-3.2pp | 107.8%-1.7pp | |
| Southwest | 58.6%-5.7pp | 64.2%-2.3pp | 66.6%-3.7pp | 70.2%-1.2pp | 71.5%+6.5pp | |
| West | 83%-3.2pp | 86.2%+2.2pp | 84%-1.8pp | 85.8%-0.2pp | 86%-2.0pp | |
| Investment owned, at cost by Geography | ||||||
| International | $1.29B+1.8% | $1.27B+2.5% | $1.24B-0.3% | $1.24B-3.6% | $1.29B-6.0% | |
| Midwest | $2.02B+0.1% | $2.02B+4.5% | $1.93B+5.1% | $1.84B+4.0% | $1.77B+6.5% | |
| Northeast | $4.31B+1.5% | $4.24B+1.8% | $4.17B+0.9% | $4.13B-1.1% | $4.17B-0.5% | |
| Northwest | $36.92M+58.7% | $23.27M-65.9% | $68.3M-41.8% | $117.31M-52.5% | $247.11M-34.4% | |
| South | $628.02M-6.5% | $671.68M-6.1% | $715.22M-9.7% | $791.88M-8.3% | $863.21M-6.8% | |
| Southeast | $1.96B+1.2% | $1.94B+6.1% | $1.82B+0.8% | $1.81B0.0% | $1.81B+1.4% | |
| Southwest | $926.07M-7.2% | $998.28M-1.7% | $1.02B-4.8% | $1.07B-1.5% | $1.08B+9.3% | |
| West | $1.2B-4.5% | $1.25B+1.8% | $1.23B-2.8% | $1.27B-3.1% | $1.31B-4.5% | |
| Investments at fair value by Geography | ||||||
| International | $1.34B+1.7% | $1.32B+3.2% | $1.27B0.0% | $1.27B-2.8% | $1.31B-5.7% | |
| Midwest | $1.97B0.0% | $1.97B+4.3% | $1.89B+4.9% | $1.8B+3.9% | $1.74B+6.4% | |
| Northeast | $3.78B+0.6% | $3.76B+0.8% | $3.73B-0.4% | $3.75B-2.6% | $3.85B-0.2% | |
| Northwest | $35.52M+56.0% | $22.77M-66.6% | $68.15M-41.8% | $117.18M-44.5% | $211.07M-36.9% | |
| South | $615.96M-6.8% | $661.04M-6.1% | $703.67M-9.6% | $778.36M-8.2% | $848.29M-6.7% | |
| Southeast | $1.59B+1.3% | $1.56B+3.8% | $1.51B-2.2% | $1.54B-3.3% | $1.59B-2.3% | |
| Southwest | $844.65M-10.1% | $940M-3.7% | $976.24M-5.6% | $1.03B-2.0% | $1.05B+9.4% | |
| West | $1.2B-5.1% | $1.26B+2.3% | $1.23B-2.5% | $1.26B-0.5% | $1.27B-3.1% | |
| Concentration risk (as a percent) by Geography | ||||||
| International | 13.7%— | —— | —— | —— | —— | |
| Midwest | 18.2%-3.6pp | 21.8%+4.3pp | 17.4%— | —— | —— | |
| Northeast | 38.2%+1.2pp | 37.1%+1.4pp | 35.7%+0.5pp | 35.1%0.0pp | 35.1%+0.7pp | |
| Northwest | 0.8%+2.0pp | -1.2%-1.5pp | 0.3%— | —— | —— | |
| Southeast | 16.6%-0.3pp | 16.9%+1.3pp | 15.6%-0.5pp | 16.1%-0.1pp | 16.2%+0.3pp |
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.