2026 Undergraduate Intern, Power Opportunities at Oaktree Capital Management, L.P.

Our Company

Oaktree is a leader among global investment managers specializing in alternative investments, with about $200 billion in assets under management. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets, and listed equities. The firm has over 1200 employees and offices in 24 cities worldwide.  

Our investment team is comprised of seasoned professionals within the energy sector who work closely with the executives of our portfolio companies to identify and pursue market opportunities, strengthen operations, recruit additional managers, approach key customers, and make complementary acquisitions, among other efforts to maximize shareholder value. We seek to invest in proven performers and market leaders, not start-up ventures or turnarounds.

For additional information please visit our website at www.oaktreecapital.com. More information about our summer development program can be found here. Applications will be open through December 12, 2025, and candidates can submit a maximum of three applications. Please note, we are currently unable to provide sponsorship for our summer internship positions. This includes STEM OTP, H1-B, and other employment-based immigration cases.

Participation in our summer program does not guarantee future employment.

The Role

Oaktree is seeking a summer Intern with a 2028 expected graduation date to join our Power Opportunities Team. The Intern will focus on transaction functions and portfolio management activities, while being part of our international internship program. As part of this program you will have contact with senior leaders and opportunities to participate in events in and outside of the Oaktree office.

Responsibilities include:

• Assisting the team in preparing detailed financial models
• Aiding in performing quantitative and qualitative analysis
• Developing and maintaining business and industry due diligence
• Assisting in conducting deal structuring, legal documentation, negotiations and post-closing deal monitoring
  
  

Qualifications

• Knowledge of financial modeling
• Exceptional analytical skills
• Strong capabilities in Excel
  
  

Personal Attributes

• Self-motivated with strong attention to detail and excellent work ethic
• Outstanding initiative and a self-starter
• Excellent written, verbal, and interpersonal communication skills
• Team-oriented and collaborative and must possess strong integrity and professionalism
  
  

Education

Currently pursuing a Bachelor’s degree with a high GPA from a university or college.

Summer Stipend

$43/hour

Equal Opportunity Employment Policy

Oaktree is committed to diversity and to equal opportunity employment. Oaktree does not make employment decisions on the basis of race, creed, color, ethnicity, national origin, citizenship, religion, sex, sexual orientation, gender identity, gender expression, age, past or present physical or mental disability, HIV status, medical condition as defined by state law (genetic characteristics or cancer), pregnancy, childbirth and related medical conditions, veteran status, military service, marital status, familial status, genetic information, domestic violence victim status or any other classification protected by applicable federal, state and local laws and ordinances. This policy applies to hiring, placement, internal promotions, training, opportunities for advancement, recruitment advertising, transfers, demotions, layoffs, terminations, recruitment advertising, rates of pay and other forms of compensation and all other terms, conditions and privileges of employment. This policy applies to all Oaktree applicants, employees, clients, and contractors. Staff members wishing to report violations or suspected violations of this policy should contact the head of their department or Human Resources.

For positions based in Los Angeles

For those applying for a position in the city of Los Angeles, the firm will consider for employment qualified applicants with a criminal history in a manner consistent with applicable federal, state and local law.