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Private company

Oaktree Gardens OLP, LLC

Oaktree Gardens OLP, LLC is an investment fund registered in the United States, active since 2023.2 It is headquartered in Los Angeles, United States.2

Last updated Oct 21, 2026.

Overview

$42.1MNet income, fiscal 20253
  • HeadquartersLos Angeles, United States2
  • Incorporated inDE4
  • Business addressC/O Oaktree Capital Management, L.P., 333 S. Grand Avenue, 28Th Floor, Los Angeles, Ca 900714
  • Filer category, Emerging growth company4
  • Legal formLimited Liability Company2
  • Kind of organizationInvestment fund2
  • LEI2549008NDCXJ541WN7902
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O Corporation Service Company, 19808 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 72770122

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Oaktree Gardens OLP, LLC (together with its subsidiaries where applicable, the "Company", which may also be referred to as "we," "us" or "our") is a closed-end management investment company primarily focused on lending to large private equity-owned companies. On May 5, 2023, we elected to be regulated as a business development company (a "BDC") under the Investment Company Act of 1940, as amended (together with the rules and regulations promulgated thereunder, the "Investment Company Act"). We have elected to be treated, and intend to qualify annually, as a regulated investment company ("RIC") under Subchapter M of the Internal Revenue Code of 1986, as amended (together with the rules and regulations promulgated thereunder, the "Code").5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

9.3%Return on equity3
1.17×Debt to equity3

Financial statements

Net income3$42.1M in 2025+33% since 2024
0$20.0M$40.0M$60.0M2024: $31.6M$31.6M20242025: $42.1M$42.1M2025+33%
Fiscal year202320242025
Interest$16.3M3$31.1M3
Net income$31.6M3$42.1M3
Earnings per share$2.643$2.003
Earnings per share (diluted)$2.643$2.003
Shares (weighted, basic)12.0M shares321.1M shares3
Shares (weighted, diluted)12.0M shares321.1M shares3

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Corporate structure

Oaktree Gardens OLP, LLC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Oaktree Gardens OLP, LLC

  • Oaktree Gardens OLP, LLC Los Angeles, California, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Oaktree Gardens OLP, LLC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$40.3M3 Sep 30, 2025$207.3M3 Sep 30, 2024−80.6%

Properties, in its own words

We do not own any real estate or other physical properties material to our operations. Our administrative and principal executive offices are located at 333 South Grand Avenue, 28th Floor, Los Angeles, CA 90071. We believe that our office facilities are suitable and adequate for our business as it is presently conducted.

Item 2 of the 10-K filed Dec 18, 2025.5

Leadership

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • Chair of the Board, Chief Executive Officer and Chief Investment OfficerArmen Panossian named May 4, 202310
  • Chief Compliance OfficerAshley Pak named May 4, 202310
  • Chief Financial Officer and TreasurerChristopher McKown named May 4, 202310
  • PresidentMathew Pendo named May 4, 202310
  • Chief Operating OfficerMatthew Stewart named May 4, 202310
  • DirectorAllison Keller named May 4, 202310
  • DirectorJay Ferguson named May 4, 202310
  • DirectorSteve Mosko named May 4, 202310

Timeline

  1. Sep 25, 20268-K Entered a material agreement; New debt or obligation11
  2. Aug 22, 20258-K Entered a material agreement; New debt or obligation12
  3. Aug 4, 20258-K Entered a material agreement; New debt or obligation13
  4. Jul 3, 20258-K Bylaws or fiscal year changed14
  5. Dec 27, 20248-K Unregistered sale of shares15
  6. Nov 21, 20248-K Executive or director change16
  7. Sep 25, 20248-K Unregistered sale of shares17
  8. Aug 20, 20248-K Entered a material agreement; New debt or obligation18
  9. Jun 26, 20248-K Unregistered sale of shares19
  10. Jun 21, 20248-K Executive or director change20
  11. Mar 15, 20248-K Entered a material agreement; New debt or obligation21
  12. Dec 28, 20238-K Unregistered sale of shares22
  13. Feb 6, 2023Founded Oaktree Gardens OLP, LLC is founded2

Filings

38 filings to the SEC since October 2021: 3 annual reports, 10 quarterly reports, 13 major events, 1 large holders, 1 private raises, 10 other. The latest 20:

  1. Sep 25, 20268-K EDGAR
  2. Aug 12, 202610-Q EDGAR
  3. May 14, 202610-Q EDGAR
  4. May 4, 202640-17G EDGAR
  5. Feb 12, 202610-Q EDGAR
  6. Jan 27, 2026CORRESP EDGAR
  7. Dec 18, 202510-K EDGAR
  8. Aug 22, 20258-K EDGAR
  9. Aug 13, 202510-Q EDGAR
  10. Aug 4, 20258-K EDGAR
  11. Jul 3, 20258-K EDGAR
  12. May 14, 202510-Q EDGAR
  13. May 5, 202540-17G EDGAR
  14. Feb 12, 202510-Q EDGAR
  15. Dec 27, 20248-K EDGAR
  16. Dec 19, 202410-K EDGAR
  17. Nov 21, 20248-K EDGAR
  18. Sep 25, 20248-K EDGAR
  19. Aug 20, 20248-K EDGAR
  20. Aug 13, 202410-Q EDGAR

The 38 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Funding

Where the company's money came from, by calendar year: private offerings filed with the SEC, federal grants, loans, contracts and other assistance from USAspending.gov, and PPP loans from the SBA. Each bar links to the records below.

Private raises

Private offerings the company reported to the SEC on Form D. The amount is what the latest filing says was sold so far, charted in the year of the first sale. Covers filings since Oct 1, 2021.

  1. May 4, 2023Filed a private offering of equity10 Form D: named in the filing: Christopher McKown, Allison Keller, Jay Ferguson, Matthew Stewart, Steve Mosko, Mathew Pendo Form D

SEC filer profile

How Oaktree Gardens OLP, LLC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGAROaktree Gardens OLP, LLC1
  • CIK0001974793
  • Employer ID (EIN)92-25531585
  • Filer statusNon-accelerated filer an emerging growth company; not a smaller reporting company; not a shell company5
  • Incorporated inDelaware5
  • Fiscal year endsSeptember 301
  • Business addressC/O Oaktree Capital Management, L.P., 333 S. Grand Avenue, 28Th Floor, Los Angeles, CA 900711
  • Phone213-830-63001
  • Shares outstanding22,649,827 as of Aug 10, 20267
  • Public float$0 as of Mar 31, 20253
  • AuditorErnst & Young LLP, Los Angeles, CA PCAOB ID 42; no auditor attestation of internal control over financial reporting5
  • On EDGAR sinceMay 4, 20231
  • Filings44 in all: 8-K (13), 10-Q (10), 40-17G (4), 40-APP/A (4), 10-K (3), 40-APP (2), CORRESP (2), 10-12G (1)1
    All 13 form types

    10-12G/A (1), D (1), N-54A (1), SC 13G (1), UPLOAD (1)

  • Latest filingsAnnual report (10-K) Dec 18, 2025
    Quarterly report (10-Q) Aug 12, 2026
    Latest 8-K (8-K) Sep 25, 2026

Risk factors and legal proceedings

The risks Oaktree Gardens OLP, LLC names in Item 1A of its 10-K filed Dec 18, 2025: 77 risks under these headings, as written.5

  • Market, Legal and Regulatory Risks
  • General economic and market conditions could materially affect the success of our activities and investments.
  • We are subject to regulatory oversight and requirements that restrict our activities and increase our cost of doing business.
  • We are an “emerging growth company” under the JOBS Act, and we cannot be certain if the reduced disclosure requirements applicable to emerging growth companies will make our units less attractive to investors.
  • We are subject to additional risks as a result of being regulated as a BDC and taxed as a RIC.
  • Developments in the banking sector could materially affect the success of our activities and investments.
  • We are subject to risks associated with international conflicts.
  • Public health emergencies and other geopolitical risks could have a material adverse impact on general economic and market conditions, which could adversely affect our ability to fulfill our investment objective.
  • We are not registered with the CFTC as a commodity pool operator but may be required to do so in the future.
  • If the Adviser or certain of its affiliates are deemed a “Bad Actor”, it could negatively impact our ability to raise capital.
  • Existing and future financial reform legislation applicable to alternative asset managers and financial institutions more generally could have a material adverse impact on our business and results of operations.
  • General economic conditions in the Eurozone could adversely affect our ability to make investment in Europe and the performance of any existing investments in Europe.
The other 66 risks
  • We and our portfolio companies will be subject to regulations related to privacy, data protection and information securities, and any failure to comply with these requirements could result in fines, sanctions or other penalties, which could have a material adverse effect on our business and our reputation.
  • We may be held jointly and severally liable for any fine imposed on a portfolio company under EU competition laws.
  • We are subject to risks associated with respect to sustainability matters.
  • We are subject to risks associated with inflation.
  • We and/or our portfolio companies may be materially and adversely impacted by global climate change.
  • Tariffs may adversely affect us or our portfolio companies.
  • Regulation of derivatives transactions in the United States and other jurisdictions may have a negative impact on the performance of our investments.
  • Compliance with anti-money laundering requirements could require Oaktree and the Adviser to provide to governmental authorities information about our unitholders and could require that a unitholder’s funds be frozen or that the unitholder withdraw from the Company.
  • Economic and trade sanctions and anti-bribery laws could make it more difficult or costly for us to conduct our operations or achieve our business objectives.
  • We may face a breach of our cyber security, which could result in adverse consequences to our operations and exposure of confidential information.
  • We are subject to risks associated with artificial intelligence and machine learning technology.
  • Accounting and regulatory changes could make certain strategies obsolete.
  • We may have no or limited insurance against certain catastrophic losses.
  • We may not be able to obtain all required licenses.
  • Investment-Related Risks
  • Investments in privately owned companies pose a number of significant risks.
  • Interest rate fluctuations may have a substantial impact on our investments.
  • We face risk of loss in connection with transactions with counterparties, settlements and exposure to local intermediaries.
  • We may face significant environmental liability in connection with our investments.
  • We may invest in derivative instruments from time to time, which present various risks, including market, counterparty, operational and liquidity risks.
  • We will bear certain risks associated with any bridge financing we provide to portfolio companies.
  • Securities purchased or sold on a when-issued, “when, as and if issued,” delayed delivery or forward commitment basis could increase the volatility of our net asset value.
  • Laws and regulations may limit our ability to use derivatives.
  • We invest in significant amounts of loans or other debt instruments, which pose unique risks.
  • Our portfolio companies may incur debt that ranks equally with, or senior to, our investments in such companies.
  • We may invest in secured or unsecured loans and are subject to risk of loss upon a borrower default.
  • We may invest in second lien loans and participations, which pose unique risks.
  • We may invest in companies that are highly leveraged, and, in most cases, our investments in such companies will be in below investment grade securities, which are viewed as having predominately speculative characteristics.
  • We may invest in event-driven special situations.
  • We invest in lower-rated loans and debt instruments, which are subject to greater risk of loss of principal and interest than higher-rated loans and debt instruments.
  • We may invest in bank loans, which have associated risks that are different from those of other debt instruments.
  • Borrowers may elect to repay the principal on an obligation earlier than expected.
  • We may engage in short sale transactions.
  • Leveraged portfolio companies may pose higher risk of default.
  • We are subject to the risk that our portfolio companies may default on their obligations to us or other lenders.
  • We may invest in distressed or bankrupt companies, and investing in companies involved in bankruptcy proceedings presents significant risks.
  • Differing accounting standards for non-U.S. investments exposes us to additional risks.
  • We may have difficulty successfully pursuing claims in the courts of non-U.S. countries.
  • We are subject to risk of becoming involved in litigation by third parties as a result of our investment activities.
  • We may be subject to potential allegations of lender liability.
  • The exercise of control of, or significant influence over, a portfolio company may impose additional risks of liability.
  • We are subject to contingent liabilities on disposition of our investments.
  • Portfolio companies of Other Oaktree Funds may compete with our portfolio companies.
  • We may invest in subordinated loans.
  • We may invest in loans that have limited amortization requirements.
  • We may invest in transactions on an expedited basis.
  • We may have a limited ability to protect our investment in portfolio companies as a result of making non-controlling investments.
  • We may be exposed to risks associated with OID and PIK interest income.
  • The illiquid nature of certain of our investments may make it difficult for us to sell these investments when desired.
  • We may utilize different investment techniques not described in this annual report on Form 10-K.
  • We may be subject to risks associated with currency exchange transactions.
  • We may make investments in “covenant-lite” loans.
  • Risks Related to an Investment in the Company and Our Common Units
  • We have limited operating history.
  • Our investment portfolio may not be diversified across companies, industries, types of securities or geographic regions.
  • Our board of directors has broad discretionary power with respect to our investment objective, policies and strategies.
  • We operate in a highly competitive market for investment opportunities.
  • The Adviser relies on key personnel, the loss of any of whom could impair its ability to successfully manage us, and our unitholders will have no right to control our operations.
  • We rely on portfolio company management teams to operate their businesses successfully.
  • We bear costs associated with due diligence of our potential investments, and such due diligence may not identify all risks associated with investments we make.
  • We bear costs and risks associated with the hiring of third-party service providers.
  • The Adviser may utilize financial projections to evaluate investments, and such projections are inherently uncertain and may be inaccurate.
  • Our success depends in part on the Adviser’s ability to effect operating improvements at portfolio companies.
  • We face risks associated with the deployment of our capital.
  • Our ability to make follow-on investments may substantially impact the success of our investments.
  • We may not pay distributions to our unitholders.
  • We may make distributions in kind.
  • We borrow money, which may magnify the potential for gain or loss and may increase the risk of investing in us.

Legal proceedings

From time to time, we may be a party to certain legal proceedings in the ordinary course of business, including proceedings relating to the enforcement of our rights under loans to or other contracts with our portfolio companies. We are not

currently subject to any material legal proceedings, and, to our knowledge, no material legal proceeding is threatened against us.

The opening of Item 3, Legal Proceedings.5

Sources

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