2027 Summer Internships: Investment

Oaktree Capital Management, L.P.•Los Angeles, CA

1d•Onsite

About The Position

Oaktree's 2027 Summer Internship Program offers a 10-week immersive experience from mid-June to mid-August, based primarily in Los Angeles, with some opportunities in New York. The program aims to recruit enthusiastic and talented interns to join various departments. The application process has two waves: September-October and December-January. Candidates can apply to a maximum of three positions per wave. The internship focuses on investment strategies across different Oaktree groups, including Global Opportunities, Global Private Debt, Real Estate Equity, Sourcing & Origination, Special Situations, and U.S. Senior Loans. Interns will gain exposure to senior leaders and participate in various events.

Requirements

Expected graduation year of 2028 or 2029 for Global Private Debt, Sourcing & Origination, Special Situations, and U.S. Senior Loans.
Expected graduation year of 2029 for Global Opportunities and Real Estate Equity.
Ability to submit a maximum of 3 total applications per application wave.
Must be seeking a summer internship opportunity.

Nice To Haves

Experience in distressed debt, reorganizations, and restructurings.
Experience in high yield bonds and senior loans.
Expertise at the intersection of real estate and distressed debt.
Experience in middle-market companies with elements of distress, dislocation or dysfunction.
Experience in control-oriented debt and equity investments.
Experience in broadly-syndicated, senior-secured loans.
Experience in non-investment-grade debt.

Responsibilities

Support the Strategic Credit strategy within the Sourcing & Origination team.
Participate in events within and outside the Oaktree office.
Conduct bottom-up fundamental credit analysis.
Invest across the capital structure in both public and private markets.
Analyze investment opportunities in debt, equities, and special situations.
Evaluate U.S. and non-U.S. investment opportunities within traded and non-traded markets.
Identify pricing inefficiencies in primary and secondary markets.
Assess financing needs of healthy companies.
Pursue global real estate investment opportunities, including direct property, real estate-related corporations, CMBS, residential land, assets and loan pools, small-balance commercial loan pools, and non-U.S. investments.
Engage in development opportunities with aligned, high-quality partners.
Capitalize on over-leveraged and distressed real estate opportunities.
Make control-oriented debt and equity investments in middle-market companies with elements of distress, dislocation, or dysfunction.
Actively manage businesses to deliver value as a private equity-like sponsor.
Invest across capital structures by purchasing secondary market debt (distress-for-control) or making direct equity investments in distressed businesses.
Invest in broadly-syndicated, senior-secured loans or other senior, non-investment-grade debt.
Target U.S. dollar-denominated loans secured by first-priority liens in performing companies primarily within the U.S.
Potentially invest in second lien loans, non-dollar-denominated loans, and secured or unsecured bonds.