Oaktree Specialty Lending Corp

General Oaktree Specialty Lending Corporation is a specialty finance company that provides customized credit solutions to companies with limited access to public or syndicated capital markets. Formed in late 2007, the company operates as a closed-end, externally managed, non-diversified management investment company regulated as a Business Development Company under the Investment Company Act of 1940. It has also qualified and elected to be treated as a regulated investment company (RIC) for tax purposes under the Internal Revenue Code of 1986, which generally exempts it from corporate-level U.S. federal income taxes on distributed net ordinary income or net realized capital gains, provided it meets specific requirements. The company is externally managed by Oaktree Fund Advisors, LLC, an affiliate of Oaktree Capital Management, L.P., which served as the external investment adviser from October 17, 2017, through May 3, 2020. Oaktree Fund Administration, LLC, a subsidiary of OCM, provides administrative services. The company's investment objective is to generate current income and capital appreciation by offering flexible financing solutions. These solutions include first lien loans (such as "unitranche" and "last out" first lien loans), second lien loans, unsecured and mezzanine loans, bonds, preferred equity, and certain equity co-investments. The company may also pursue capital appreciation and income through secondary investments at discounts to par in private or syndicated transactions.