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%+2.9pp | 22.5%+3.1pp | 24.2%+0.4pp | 23.3%-2.1pp | 19.8%-4.6pp | |
| Midwest | 35.8%+2.3pp | 35.5%+5.9pp | 32.7%+6.5pp | 33.2%+4.9pp | 33.5%+7.9pp | |
| Northeast | 70.6%+6.0pp | 67.5%+2.7pp | 64.8%-0.1pp | 60.3%-5.8pp | 64.6%+1.7pp | |
| Northwest | 0.9%— | 0.9%-3.1pp | 0.7%-3.3pp | 0%-6.3pp | 0%-8.1pp | |
| South | 10%-2.4pp | 9.7%-2.8pp | 11.1%-4.9pp | 11.9%-4.5pp | 12.4%-3.6pp | |
| Southeast | 29%+3.3pp | 29.2%+4.3pp | 26.3%-1.9pp | 25.7%-3.2pp | 25.8%-1.7pp | |
| Southwest | 12.8%-5.7pp | 16.6%-2.3pp | 15.1%-3.7pp | 14.1%-1.2pp | 18.5%+6.5pp | |
| West | 18.3%-3.2pp | 23.5%+2.2pp | 19.4%-1.8pp | 21.8%-0.2pp | 21.6%-2.0pp | |
| Investment owned, at cost by Geography | ||||||
| International | $309.9M+7.7% | $311.48M+11.1% | $339.83M-0.9% | $329.69M-12.4% | $287.64M-22.1% | |
| Midwest | $507.62M+0.5% | $523.62M+19.9% | $490.84M+23.4% | $498.75M+16.3% | $505.12M+27.1% | |
| Northeast | $1.13B+6.0% | $1.1B+7.3% | $1.07B+3.8% | $1.01B-4.3% | $1.06B-1.8% | |
| Northwest | $13.66M— | $13.65M-76.7% | $9.62M-83.6% | $0-100% | $0-100% | |
| South | $143.18M-23.4% | $141.28M-23.6% | $164.43M-31.8% | $179.13M-28.5% | $186.84M-25.2% | |
| Southeast | $494.03M+5.1% | $515.68M+27.7% | $479.01M+3.0% | $471.22M0.0% | $470.11M+5.8% | |
| Southwest | $209.08M-25.7% | $264.86M-6.2% | $234.19M-18.0% | $217.93M-7.0% | $281.29M+49.0% | |
| West | $262.59M-17.7% | $339.03M+6.8% | $284.59M-11.2% | $310.08M-11.7% | $319.2M-16.1% | |
| Investments at fair value by Geography | ||||||
| International | $314.4M+7.6% | $323.49M+14.6% | $354.86M+0.1% | $344.57M-9.5% | $292.12M-21.5% | |
| Midwest | $494.45M0.0% | $509.24M+18.8% | $479.45M+22.7% | $489.42M+16.0% | $494.22M+26.8% | |
| Northeast | $975M+2.4% | $969.13M+3.2% | $949.84M-1.6% | $891.02M-9.9% | $952.44M-0.6% | |
| Northwest | $12.75M— | $13.21M-77.5% | $9.56M-83.7% | $0-100% | $0-100% | |
| South | $138.27M-24.6% | $139.38M-23.4% | $162.95M-31.4% | $175.36M-28.5% | $183.35M-25.0% | |
| Southeast | $401.1M+5.5% | $418.71M+16.0% | $385.28M-8.2% | $380.02M-12.3% | $380.05M-9.1% | |
| Southwest | $177.07M-35.0% | $238.17M-13.2% | $221.92M-20.6% | $207.49M-9.2% | $272.42M+49.9% | |
| West | $253.33M-20.4% | $337.77M+9.3% | $283.93M-9.9% | $321.5M-2.1% | $318.17M-11.5% | |
| Concentration risk (as a percent) by Geography | ||||||
| International | 0.4%— | 11%-0.8pp | 0.2%— | 2.2%— | —— | |
| Midwest | 0.6%-3.6pp | 17.3%+4.3pp | 0%— | 0.3%-0.4pp | 4.2%— | |
| Northeast | 2.5%+1.2pp | 34.3%+1.4pp | 1.5%+0.5pp | 0%— | 1.3%+0.7pp | |
| Northwest | 0%+2.0pp | 0.5%-1.5pp | 0.3%— | 0%— | -1.9%-4.1pp | |
| South | 0.3%— | 4.7%-3.1pp | —— | —— | —— | |
| Southeast | 0%-0.3pp | 16.1%+1.3pp | 0%-0.5pp | 0.5%-0.1pp | 0.3%— |
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.