v3.25.1
REVENUES
 3 Months Ended
Mar. 31, 2025
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES
Prior to the 2024 Restructuring, the Company earned incentive income generated by the funds, for which Oaktree Capital I served as general partner. These revenues were affected by economic factors related to the asset class composition of the holdings and the contractual terms such as the basis for calculating the incentive income and investors’ ability to redeem. As a result of the 2024 Restructuring, incentive income is no longer recognized by the Company due to the deconsolidation of Oaktree Capital I. The Company’s proportionate share of incentive income earned by Oaktree Capital I is included as a component of investment income. The economics resulting from Oaktree Capital I’s right to earn incentive income are reflected in the Company’s results through investment income earned from its equity method investment in Oaktree Capital I.
Incentive income revenues by fund structure are set forth below.
Three months ended March 31,
20252024
Incentive Income
Closed-end$— $112,497 
Evergreen— 2,832 
Total$— $115,329 
Additionally, the Company earns investment income from the investments the Company makes in its investment in Oaktree Capital I, Oaktree funds, third-party funds and other companies. Revenues by investment types are set forth below.
Three months ended March 31,
Investment Income (Loss)20252024
Equity-method investments:
Funds$(7,775)$4,612 
Companies2,857 (377)
Other investments, at fair value— 14,005 
Total investment income (loss)$(4,918)$18,240