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%+4.3pp | 89.9%-3.3pp | 86.8%-11.6pp | 86.5%-15.5pp | 88.6%-16.6pp | |
| Midwest | 137.1%+19.6pp | 134.8%+25.2pp | 128.9%+25.3pp | 122.5%+21.9pp | 117.5%+16.7pp | |
| Northeast | 263.2%+2.8pp | 257.2%-1.5pp | 254.5%-3.2pp | 254.6%-0.6pp | 260.4%+9.3pp | |
| Northwest | 2.5%-11.8pp | 1.6%-20.8pp | 4.7%-22.0pp | 8%-23.0pp | 14.3%-21.4pp | |
| South | 42.7%-14.7pp | 45.1%-15.8pp | 48%-14.7pp | 52.8%-6.4pp | 57.4%+2.2pp | |
| Southeast | 110.2%+2.4pp | 106.9%-2.6pp | 102.7%-7.4pp | 104.6%-0.7pp | 107.8%+4.6pp | |
| Southwest | 58.6%-12.9pp | 64.2%-0.7pp | 66.6%+7.6pp | 70.2%+21.4pp | 71.5%+28.1pp | |
| West | 83%-3.0pp | 86.2%-1.8pp | 84%-9.0pp | 85.8%-11.4pp | 86%-17.6pp | |
| Investment owned, at cost by Geography | ||||||
| International | $1.29B+0.3% | $1.27B-7.3% | $1.24B-15.2% | $1.24B-19.2% | $1.29B-19.2% | |
| Midwest | $2.02B+14.3% | $2.02B+21.5% | $1.93B+21.5% | $1.84B+18.4% | $1.77B+12.5% | |
| Northeast | $4.31B+3.2% | $4.24B+1.2% | $4.17B-1.3% | $4.13B-1.8% | $4.17B+0.6% | |
| Northwest | $36.92M-85.1% | $23.27M-93.8% | $68.3M-84.7% | $117.31M-77.3% | $247.11M-55.5% | |
| South | $628.02M-27.2% | $671.68M-27.5% | $715.22M-25.8% | $791.88M-14.4% | $863.21M-1.0% | |
| Southeast | $1.96B+8.3% | $1.94B+8.5% | $1.82B+1.7% | $1.81B+6.3% | $1.81B+7.8% | |
| Southwest | $926.07M-14.5% | $998.28M+0.7% | $1.02B+9.8% | $1.07B+34.6% | $1.08B+50.0% | |
| West | $1.2B-8.5% | $1.25B-8.5% | $1.23B-16.2% | $1.27B-17.9% | $1.31B-19.9% | |
| Investments at fair value by Geography | ||||||
| International | $1.34B+2.1% | $1.32B-5.4% | $1.27B-14.0% | $1.27B-17.4% | $1.31B-17.8% | |
| Midwest | $1.97B+13.7% | $1.97B+20.9% | $1.89B+21.3% | $1.8B+18.6% | $1.74B+13.6% | |
| Northeast | $3.78B-1.6% | $3.76B-2.3% | $3.73B-3.7% | $3.75B-2.8% | $3.85B+1.1% | |
| Northwest | $35.52M-83.2% | $22.77M-93.2% | $68.15M-83.0% | $117.18M-75.0% | $211.07M-60.9% | |
| South | $615.96M-27.4% | $661.04M-27.3% | $703.67M-25.4% | $778.36M-13.0% | $848.29M+1.5% | |
| Southeast | $1.59B-0.5% | $1.56B-4.2% | $1.51B-9.1% | $1.54B-3.2% | $1.59B+1.9% | |
| Southwest | $844.65M-19.9% | $940M-2.5% | $976.24M+10.1% | $1.03B+40.2% | $1.05B+60.4% | |
| West | $1.2B-5.8% | $1.26B-3.8% | $1.23B-12.0% | $1.26B-14.0% | $1.27B-19.1% | |
| Concentration risk (as a percent) by Geography | ||||||
| International | 13.7%— | —— | —— | —— | —— | |
| Midwest | 18.2%— | 21.8%— | 17.4%— | —— | —— | |
| Northeast | 38.2%+3.1pp | 37.1%+2.7pp | 35.7%+1.3pp | 35.1%-1.4pp | 35.1%— | |
| Northwest | 0.8%— | -1.2%— | 0.3%— | —— | —— | |
| Southeast | 16.6%+0.5pp | 16.9%+1.1pp | 15.6%-0.2pp | 16.1%-2.3pp | 16.2%-4.8pp |
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.