Oaktree Capital

OCM India Opportunities XB Alternate Investment Fund is a SEBI-registered Category II Alternative Investment Fund managed by OCM India Opportunities AIF Management Private Limited (CIN: U67190MH2018FTC316553), a wholly-owned Indian subsidiary of Oaktree Capital Management (OCM). The fund is part of Oaktree's global 'Opportunities Fund' series — the 'XB' suffix corresponds to Oaktree Opportunities Fund X-b, a distressed debt and special situations fund that raised USD 12 billion globally in 2015. OCM India Opportunities AIF Management Private Limited was incorporated in Mumbai on 30 October 2018 and is registered at Level 7, B-Wing, The Capital, Bandra Kurla Complex, Bandra (East), Mumbai 400051. Oaktree Capital Management, founded in 1995 by Howard Marks and Bruce Karsh and now majority-owned by Brookfield Asset Management, is one of the world's largest alternative investment managers with a particular specialisation in distressed debt, credit, and special situations investing. Oaktree has maintained an India presence through a series of AIF vehicles (including OCM India Opportunities XI and XII) and an IFSC entity (OCM India IFSC Private Limited in GIFT City). The fund seeks to capitalise on distressed debt and special situations in Indian capital markets.

Oaktree emphasises an opportunistic, value-oriented and risk-controlled approach to investing across credit, equity, and real estate asset classes. The firm's investment philosophy prioritises avoiding loss over achieving gains, focusing on cycles and market inefficiencies. Oaktree seeks to capitalise on dislocations in credit markets by targeting situations where risk is mispriced — particularly in distressed debt, stressed assets, and special situations — while maintaining rigorous portfolio risk management.