Oaktree Special Situations Fund IV, L.P.
Raised
Pre-open
Investors
—
Min Invest
None stated
AltStreet Analysis
·Generated from EDGAR primary sources
Cayman Islands limited partnership filing as a pooled investment fund, care of Oaktree Capital Management, L.P., 333 South Grand Avenue, 28th Floor, Los Angeles. Its notices name Oaktree Special Situations Fund IV GP, L.P. as general partner, Oaktree Capital Management, L.P. as investment manager and promoter, and Howard Marks, Bruce Karsh and John Frank as executive officers of the investment manager. Two notices are on file. The original Form D of September 30, 2025 reported an indefinite offering and nothing sold. A Form D/A of October 1, 2026 reports $1,288,453,250 sold to 60 investors, with the offering amount indefinite, a stated minimum investment of $0, no non-accredited investors, and estimated sales commissions of $8,133,600. A parallel vehicle and two Oaktree feeders file separately, and three iCapital-sponsored vehicles report investments in the strategy. A Form D reports cumulative, unaudited sales as of its date and does not state a fund's target size, commitments called or performance.
Institutional private equity fund: the main vehicle of Oaktree's fourth special situations fund, limited to qualified purchasers. Not a retail platform vehicle; wealth-channel access runs through separate iCapital feeder vehicles.
EDGAR Filing Data
Form D — Primary Source
View on SEC.govFilings on Record
Every filing AltStreet's ledger holds for this CIK, newest first. Each opens the SEC archive folder.
AltStreet Coverage
Original reporting from AltStreet's daily EDGAR monitoring covering this entity's filings.
All AltStreet newsFund Family
Every vehicle in this manager's series as it appears on EDGAR, newest generation first. Sold-to-date and investor counts are each vehicle's latest Form D.
Fund family
Oaktree Special Situations Fund9 vehicles · 3 generations · since 2018 · $5.03B sold across the family
This issuer is in Fund IV · Fund III has sold $1.17B to date across its vehicles
| Vehicle | Role | First filed | Status | Sold | Investors |
|---|---|---|---|---|---|
| Fund IV · first filed 2025-09-30 · 4 vehicles · $2.53B sold · 144 investors | |||||
| Oaktree Special Situations Fund IV, L.P.this issuer | 2025-09-30 | raising | $1.29B | 60 | |
| Oaktree Special Situations Fund IV (Parallel), L.P. | parallel | 2025-09-30 | raising | $967.8M | 32 |
| Oaktree Special Situations Fund IV Feeder (DE), L.P. | de, feeder | 2025-09-30 | raising | $138.3M | 45 |
| Oaktree Special Situations Fund IV Feeder (Parallel), L.P. | feeder, parallel | 2025-09-30 | raising | $137.5M | 7 |
| Fund III · first filed 2022-01-27 · 3 vehicles · $1.17B sold · 102 investors | |||||
| Oaktree Special Situations Fund III, L.P. | 2022-01-27 | dark | $921.4M | 72 | |
| Oaktree Special Situations Fund III Feeder (Cayman), L.P. | cayman, feeder | 2022-01-27 | dark | $248.4M | 30 |
| Oaktree Special Situations Fund III Feeder (PVCF), L.P. | feeder | 2022-10-07 | pre sale | $0 | 0 |
| Fund II · first filed 2018-01-18 · 2 vehicles · $1.33B sold · 74 investors | |||||
| Oaktree Special Situations Fund II, L.P. | 2018-01-18 | dark | $1.06B | 56 | |
| Oaktree Special Situations Fund II (Feeder), L.P. | feeder | 2018-01-18 | dark | $270.0M | 18 |
Grouped from Form D issuer names (generation, sleeve, jurisdiction and legal-form tokens removed); a name-only match, so abbreviated or renamed vehicles can be missed. Sold and investor figures are each vehicle's latest Form D; sleeves that report the same figure share one family-wide total and are counted once. Performance lines are what a public pension plan reports for its own interest in that fund, net, on the plan's cash flows and valuation date; they are not the general partner's figures.
In the Terminal
Filing events
5
latest Oct 1, 2026
Critical / warning
1 / 0
2 watch · 2 info
Statements extracted
0
none on file
NAV prints
0
none on file
Offering chains
1
raising
Latest event First sale · Oct 1, 2026
SEC.govInvestor
- 5 filing events with values and deltas, latest 2026-10-01, and alerts on the next one
- 1 offering timeline: velocity, share raised, first-sale lag, stalled flags
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Related Persons (Form D)
Executive officers, directors, and promoters listed on the SEC Form D filing. Source: SEC.gov.
Item 3 changed on the Form D filed 2026-10-01: 2 related persons added and 2 removed against the filing of 2025-09-30; 10 now listed. The names are in the Terminal feed.
Oaktree Special Situations Fund IV GP, L.P.
Executive Officer · Los Angeles, CA
General Partner of the Issuer
Oaktree Capital Management, L.P.
Promoter · Los Angeles, CA
Investment Manager of the Issuer
Howard Marks
Executive Officer · Los Angeles, CA
Executive Officer of the Investment Manager
Bruce Karsh
Executive Officer · Los Angeles, CA
Executive Officer of the Investment Manager
John Frank
Executive Officer · Los Angeles, CA
Executive Officer of the Investment Manager
Robert O'Leary
Executive Officer · Los Angeles, CA
Executive Officer of the Investment Manager
Armen Panossian
Executive Officer · Los Angeles, CA
Executive Officer of the Investment Manager
Sheldon Stone
Executive Officer · Los Angeles, CA
Executive Officer of the Investment Manager
Jay Ghiya
Executive Officer · Los Angeles, CA
Executive Officer of the Investment Manager
Karly Lancaric
Executive Officer · Los Angeles, CA
Executive Officer of the Investment Manager
Placement Agents and Sales Compensation (Form D)
Who the issuer reported paying to sell the securities (Form D Item 12), with the FINRA registration number the filer gave. Source: SEC.gov.
Morgan Stanley Smith Barney LLCCRD 149777 on BrokerCheck
Associated broker-dealer: None · New York, NY · Soliciting in all states
Raymond James & Associates, Inc.CRD 705 on BrokerCheck
Associated broker-dealer: Raymond James Financial Services Inc. (CRD 6694) · St. Petersburg, FL · Soliciting in all states
HMC Global
Associated broker-dealer: None · Santiago, F3 and outside the United States
Singular Asset Management Administradora General de Fondos S.A.
Associated broker-dealer: None · Santiago, F3 and outside the United States
Questions About Oaktree Special Situations Fund IV, L.P.
Each answer is built from the values on the SEC filing and the AltStreet ledger, not from the issuer's marketing.
What is Oaktree Special Situations Fund IV, L.P.?
Oaktree Special Situations Fund IV, L.P. is a Cayman Islands limited partnership organized in 2025 that filed a Form D with the SEC on October 1, 2026 as a private equity fund. The filing claims Rule 506(b), Section 3(c), Section 3(c)(7) for an offering of equity and pooled investment fund interests.
Is Oaktree Special Situations Fund IV, L.P. legit?
AltStreet does not rate legitimacy; it reports the public record. Oaktree Special Situations Fund IV, L.P. filed a Form D with the SEC on October 1, 2026 claiming Rule 506(b), Section 3(c), Section 3(c)(7). A Form D is a notice of an exempt offering, not a review or approval of it. The newest notice reports $1,288,453,250 sold to 60 investors. AltStreet's enforcement record (SEC, FINRA and state actions) shows no action naming the issuer as of today. Before investing, confirm the filing on EDGAR, check the seller's registration on FINRA BrokerCheck, and read the offering documents, which a Form D does not include.
Is Oaktree Special Situations Fund IV, L.P. registered with or approved by the SEC?
No. A Form D is a notice that an issuer is selling securities under an exemption from registration, and the SEC does not review, approve, or pass on the merits of the offering. The filing shows that Oaktree Special Situations Fund IV, L.P. claimed Rule 506(b), Section 3(c), Section 3(c)(7) and disclosed the items the form requires, such as the amount sold, the minimum investment, related persons, and anyone paid to sell the securities. It does not verify the issuer's claims or its business.
How much has Oaktree Special Situations Fund IV, L.P. raised?
Oaktree Special Situations Fund IV, L.P. reported $1,288,453,250 sold from 60 investors in an offering of indefinite size as of the Form D filed October 1, 2026.
Who can invest in Oaktree Special Situations Fund IV, L.P.?
The offering relies on Rule 506(b), which permits sales to accredited investors and to no more than 35 non-accredited investors who meet a sophistication standard, and prohibits general solicitation. Because the fund also relies on Section 3(c)(7), each investor must be a qualified purchaser, generally an individual with at least $5 million in investments. The filing reports no non-accredited investors. The filing lists the minimum investment as $0, meaning no minimum was stated.
What is the minimum investment in Oaktree Special Situations Fund IV, L.P.?
The Form D lists the minimum investment as $0, which means the issuer did not state a minimum on the form. The offering documents, not the Form D, set the actual subscription terms.
Who is selling Oaktree Special Situations Fund IV, L.P. and how are they paid?
The Form D names Morgan Stanley Smith Barney LLC (CRD 149777), associated with None; Raymond James & Associates, Inc. (CRD 705), associated with Raymond James Financial Services Inc.; HMC Global, associated with None; Singular Asset Management Administradora General de Fondos S.A., associated with None as recipients of sales compensation soliciting in all states. Sales commissions are reported as $8,133,600 and finders' fees as $0. Form D allows these to be estimates.
Who is behind Oaktree Special Situations Fund IV, L.P.?
The Form D lists 10 related persons: Oaktree Special Situations Fund IV GP, L.P., executive officer (General Partner of the Issuer); Oaktree Capital Management, L.P., promoter (Investment Manager of the Issuer); Howard Marks, executive officer (Executive Officer of the Investment Manager); Bruce Karsh, executive officer (Executive Officer of the Investment Manager); John Frank, executive officer (Executive Officer of the Investment Manager); Robert O'Leary, executive officer (Executive Officer of the Investment Manager); Armen Panossian, executive officer (Executive Officer of the Investment Manager); Sheldon Stone, executive officer (Executive Officer of the Investment Manager), and 2 more. Form D Item 3 requires executive officers, directors, and promoters of the issuer to be listed.
Where is Oaktree Special Situations Fund IV, L.P. located?
The issuer's address on its SEC filings is C/O Oaktree Capital Management, L.P., 333 S. Grand Avenue, 28th Floor, Los Angeles, CA 90071. Its phone number of record is 213-830-6300. It is organized under the laws of Cayman Islands.
How long is the Oaktree Special Situations Fund IV, L.P. offering open?
The issuer indicated that the offering is intended to last more than one year. An issuer must amend its Form D annually while a continuing offering stays open; 1 amendment is on record for this CIK.
How large is Oaktree Special Situations Fund IV, L.P.?
The issuer declined to disclose its revenue range on the Form D, which the form permits.
Is this your offering?
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Data Methodology
Capital raise figures, investor counts, and filing dates are sourced directly from SEC EDGAR Form D primary documents via the SEC EDGAR submissions API and full-text search index. EDGAR entity profiles and deal-level data are reviewed by AltStreet analysts with backgrounds in corporate finance and securities law — cross-referenced against offering circulars, audited financial statements, and primary regulatory filings before publication. Platform-provided information, where present, is clearly labeled and does not affect EDGAR data or AltStreet editorial coverage. Platforms may request factual corrections for demonstrable inaccuracies by contacting [email protected]. This page does not constitute investment advice.