Exhibit 21.1
List of Subsidiaries
| Name | State or Other Jurisdiction of Incorporation or Organization | |
| Oaktree AIF (Cayman) GP, Ltd. | Cayman Islands | |
| Oaktree AIF Holdings, Inc. | Delaware | |
| Oaktree AIF Investments, L.P. | Delaware | |
| Oaktree Asia Special Situations Fund GP Ltd. | Cayman Islands | |
| Oaktree Asia Special Situations Fund GP, L.P. | Cayman Islands | |
| Oaktree Asia Special Situations Fund, L.P. | Cayman Islands | |
| Oaktree Capital (Beijing) Ltd. | China | |
| Oaktree Capital (Hong Kong) Limited | Hong Kong | |
| Oaktree Capital (Seoul) Limited | South Korea | |
| Oaktree Capital (Shanghai) Ltd. | China | |
| Oaktree Capital I, L.P. | Delaware | |
| Oaktree Capital II, L.P. | Delaware | |
| Oaktree Capital Management (Cayman), L.P. | Cayman Islands | |
| Oaktree Capital Management Limited | United Kingdom | |
| Oaktree Capital Management Pte. Ltd. | Singapore | |
| Oaktree Capital Management, L.P. | Delaware | |
| Oaktree Emerging Markets Absolute Return (Cayman) Fund, Ltd. | Cayman Islands | |
| Oaktree Emerging Markets Absolute Return Feeder Fund, L.P. | Delaware | |
| Oaktree Emerging Markets Absolute Return Fund, L.P. | Delaware | |
| Oaktree Emerging Markets Equity Fund GP Ltd. | Cayman Islands | |
| Oaktree Emerging Markets Equity Fund GP L.P. | Cayman Islands | |
| Oaktree Emerging Markets Equity Fund, L.P. | Cayman Islands | |
| Oaktree Employee Investment Fund (Cayman), L.P. | Cayman Islands | |
| Oaktree Employee Investment Fund, L.P. | Delaware | |
| Oaktree European Credit Opportunities Fund (Cayman) Ltd. | Cayman Islands | |
| Oaktree European Credit Opportunities Fund, L.P. | United Kingdom | |
| Oaktree European Credit Opportunities USD Fund (Cayman) Ltd. | Cayman Islands | |
| Oaktree Europe GP Limited | United Kingdom | |
| Oaktree European High Yield Fund, L.P. | Delaware | |
| Oaktree European Principal Fund III (Cayman), L.P. | Cayman Islands | |
| Oaktree European Principal Fund III (Parallel), L.P. | Cayman Islands | |
| Oaktree European Principal Fund III (Delaware), L.P. | Delaware | |
| Oaktree European Principal Fund III (Feeder) GP, L.P. | Cayman Islands | |
| Oaktree European Principal Fund III (U.S.), L.P. | Cayman Islands | |
| Oaktree European Principal Fund III GP, L.P. | Cayman Islands | |
| Oaktree European Principal Fund III GP, Ltd. | Cayman Islands | |
| Oaktree European Principal Fund III, L.P. | Cayman Islands |
| Name | State or Other Jurisdiction of Incorporation or Organization | |
| Oaktree European Principal Fund III (Parallel) Feeder, L.P. | Cayman Islands | |
| Oaktree Expanded High Yield Fund, L.P. | Delaware | |
| Oaktree FF Investment Fund AIF (Delaware), L.P. | Delaware | |
| Oaktree FF Investment Fund GP Ltd. | Cayman Islands | |
| Oaktree FF Investment Fund GP, L.P. | Cayman Islands | |
| Oaktree FF Investment Fund, L.P. | Cayman Islands | |
| Oaktree Finance, LLC | Delaware | |
| Oaktree France S.A.S. | France | |
| Oaktree Fund AIF Series (Cayman), L.P. | Cayman Islands | |
| Oaktree Fund AIF Series, L.P. | Delaware | |
| Oaktree Fund GP I, L.P. | Delaware | |
| Oaktree Fund GP II, L.P. | Delaware | |
| Oaktree Fund GP IIA, LLC | Delaware | |
| Oaktree Fund GP III, L.P. | Delaware | |
| Oaktree Fund GP AIF, LLC | Delaware | |
| Oaktree Fund GP, LLC | Delaware | |
| Oaktree GmbH | Germany | |
| Oaktree High Income Convertible Fund, L.P. | Delaware | |
| Oaktree High Income Convertible Fund II, L.P. | Delaware | |
| Oaktree High Yield Fund, L.P. | California | |
| Oaktree High Yield Fund II, L.P. | Delaware | |
| Oaktree High Yield Plus (Cayman) Fund, Ltd. | Cayman Islands | |
| Oaktree High Yield Plus Feeder Fund, L.P. | Delaware | |
| Oaktree High Yield Plus Fund, L.P. | Delaware | |
| Oaktree Holdings, Inc. | Delaware | |
| Oaktree Holdings, LLC | Delaware | |
| Oaktree Holdings, Ltd. | Cayman Islands | |
| Oaktree HSF, L.P. | Delaware | |
| Oaktree Huntington Investment Fund AIF (Delaware), L.P. | Delaware | |
| Oaktree Huntington Investment Fund GP Ltd. | Cayman Islands | |
| Oaktree Huntington Investment Fund GP, L.P. | Cayman Islands | |
| Oaktree Huntington Investment Fund, L.P. | Cayman Islands | |
| Oaktree International Holdings, LLC | Delaware | |
| Oaktree Investment Holdings, L.P. | Delaware | |
| Oaktree Japan Absolute Return Fund GP, L.P. | Delaware | |
| Oaktree Japan Absolute Return Fund, L.P. | Delaware | |
| Oaktree Japan GP, L.P. | Cayman Islands | |
| Oaktree Japan Opportunities Fund, L.P. | Cayman Islands | |
| Oaktree Japan Opportunities Value Fund, L.P. | Delaware | |
| Oaktree Japan, Inc. | Japan | |
| Oaktree Liquidating Loan Fund (Cayman) Ltd. | Cayman Islands | |
| Oaktree Liquidating Loan Fund, L.P. | Delaware |
| Name | State or Other Jurisdiction of Incorporation or Organization | |
| Oaktree Liquidating Loan Fund 2x (Cayman), Ltd. | Cayman Islands | |
| Oaktree Liquidating Loan Fund 2x, L.P. | Delaware | |
| Oaktree Loan Fund (Cayman) Ltd. | Cayman Islands | |
| Oaktree Loan Fund 2x (Cayman) Ltd. | Cayman Islands | |
| Oaktree Loan Fund 2x, L.P. | Delaware | |
| Oaktree Loan Fund GP, L.P. | Delaware | |
| Oaktree Loan Fund, L.P. | Delaware | |
| Oaktree Mezzanine Fund III (Cayman) Ltd. | Cayman Islands | |
| Oaktree Mezzanine Fund III, L.P. | Delaware | |
| Oaktree Mezzanine Fund III GP, L.P. | Delaware | |
| Oaktree Non-U.S. Convertible Fund, L.P. | California | |
| Oaktree Opportunities Fund VII AIF (Cayman), L.P. | Cayman Islands | |
| Oaktree Opportunities Fund VIII AIF (Delaware), L.P. | Delaware | |
| Oaktree Opportunities Fund VIII (Cayman) Ltd. | Cayman Islands | |
| Oaktree Opportunities Fund VIII GP Ltd. | Cayman Islands | |
| Oaktree Opportunities Fund VIII GP, L.P. | Cayman Islands | |
| Oaktree Opportunities Fund VIII, L.P. | Cayman Islands | |
| Oaktree Opportunities Fund VIII (Parallel) AIF (Cayman), L.P. | Cayman Islands | |
| Oaktree Opportunities Fund VIII (Parallel) AIF (Delaware), L.P. | Delaware | |
| Oaktree Opportunities Fund VIII (Parallel), L.P. | Cayman Islands | |
| Oaktree Opportunities Fund VIII (Parallel 2) AIF (Delaware), L.P. | Delaware | |
| Oaktree Opportunities Fund VIII (Parallel 2), L.P. | Cayman Islands | |
| Oaktree Opportunities Fund VIIIb AIF (Cayman), L.P. | Cayman Islands | |
| Oaktree Opportunities Fund VIIIb (Cayman) Ltd. | Cayman Islands | |
| Oaktree Opportunities Fund VIIIb (Parallel) AIF (Cayman), L.P. | Cayman Islands | |
| Oaktree Opportunities Fund VIIIb (Parallel) AIF (Delaware), L.P. | Delaware | |
| Oaktree Opportunities Fund VIIIb (Parallel), L.P. | Cayman Islands | |
| Oaktree Opportunities Fund VIIIb (Parallel) 2, L.P. | Cayman Islands | |
| Oaktree Opportunities Fund VIIIb GP Ltd. | Cayman Islands | |
| Oaktree Opportunities Fund VIIIb GP, L.P. | Cayman Islands | |
| Oaktree Opportunities Fund VIIIb, L.P. | Cayman Islands | |
| Oaktree Power Opportunities Fund III (Cayman), L.P. | Cayman Islands | |
| Oaktree Power Opportunities Fund III (Cayman) GP Ltd. | Cayman Islands | |
| Oaktree Power Opportunities Fund III GP, L.P. | Delaware | |
| Oaktree Power Opportunities Fund III, L.P. | Delaware | |
| Oaktree Power Opportunities Fund III AIF (Delaware), L.P. | Delaware | |
| Oaktree Power Opportunities Fund III (Parallel), L.P. | Delaware | |
| Oaktree PPIP Fund, L.P. | Delaware | |
| Oaktree PPIP Private Fund (Cayman) GP Ltd. | Cayman Islands | |
| Oaktree PPIP Private Fund (Cayman), L.P. | Cayman Islands | |
| Oaktree PPIP Private Fund, L.P. | Delaware | |
| Oaktree Principal Fund V AIF (Cayman), L.P. | Cayman Islands |
| Name | State or Other Jurisdiction of Incorporation or Organization | |
| Oaktree Principal Fund V AIF (Delaware), L.P. | Delaware | |
| Oaktree Principal Fund V (Cayman) Ltd. | Cayman Islands | |
| Oaktree Principal Fund V (Parallel) AIF (Cayman), L.P. | Cayman Islands | |
| Oaktree Principal Fund V (Parallel) AIF (Delaware), L.P. | Delaware | |
| Oaktree Principal Fund V (Parallel), L.P. | Cayman Islands | |
| Oaktree Principal Fund V GP Ltd. | Cayman Islands | |
| Oaktree Principal Fund V GP, L.P. | Cayman Islands | |
| Oaktree Principal Fund V, L.P. | Cayman Islands | |
| Oaktree Private Investment Fund 2009 GP, L.P. | Delaware | |
| Oaktree Private Investment Fund 2009, L.P. | Delaware | |
| Oaktree Private Investment Fund 2010 GP, L.P. | Delaware | |
| Oaktree Private Investment Fund 2010, L.P. | Delaware | |
| Oaktree Real Estate Opportunities Fund IV GP Ltd. | Cayman Islands | |
| Oaktree Real Estate Opportunities Fund IV GP, L.P. | Cayman Islands | |
| Oaktree Real Estate Opportunities Fund IV, L.P. | Cayman Islands | |
| Oaktree Real Estate Opportunities Fund V (Cayman) GP Ltd. | Cayman Islands | |
| Oaktree Real Estate Opportunities Fund V (Cayman) L.P. | Cayman Islands | |
| Oaktree Real Estate Opportunities Fund V GP, L.P. | Delaware | |
| Oaktree Real Estate Opportunities Fund V, L.P. | Delaware | |
| Oaktree Remington Investment Fund GP, L.P. | Delaware | |
| Oaktree Remington Investment Fund, L.P. | Delaware | |
| Oaktree Senior Loan Fund (Cayman) Ltd. | Cayman Islands | |
| Oaktree Senior Loan Fund GP, L.P. | Delaware | |
| Oaktree Senior Loan Fund, L.P. | Delaware | |
| Oaktree TT Multi-Strategy Fund GP, L.P. | Delaware | |
| Oaktree TT Multi-Strategy Fund, L.P. | Delaware | |
| Oaktree Value Opportunities (Cayman) Fund, Ltd. | Cayman Islands | |
| Oaktree Value Opportunities Feeder Fund, L.P. | Delaware | |
| Oaktree Value Opportunities Fund AIF (Cayman), L.P. | Cayman Islands | |
| Oaktree Value Opportunities Fund AIF (Delaware), L.P. | Delaware | |
| Oaktree Value Opportunities Fund GP Ltd. | Cayman Islands | |
| Oaktree Value Opportunities Fund GP, L.P. | Cayman Islands | |
| Oaktree Value Opportunities Fund, L.P. | Cayman Islands | |
| Oaktree/Arctic Slope PPIP Fund GP, L.P. | Delaware | |
| Oaktree/Arctic Slope PPIP Private Fund GP, L.P. | Delaware | |
| OCM Asia Principal Opportunities Fund GP Ltd. | Cayman Islands | |
| OCM Asia Principal Opportunities Fund GP, L.P. | Cayman Islands | |
| OCM Asia Principal Opportunities Fund, L.P. | Cayman Islands | |
| OCM China Holdings, L.P. | Delaware | |
| OCM China Investor, L.P. | Delaware | |
| OCM Convertible Trust | Massachusetts | |
| OCM Disbursement Services, L.L.C. | Delaware |
| Name | State or Other Jurisdiction of Incorporation or Organization | |
| OCM European Principal Opportunities Fund GP, L.P. | Cayman Islands | |
| OCM European Principal Opportunities Fund GP, Ltd. | Cayman Islands | |
| OCM European Principal Opportunities Fund II (Delaware), L.P. | Delaware | |
| OCM European Principal Opportunities Fund II (U.S.), L.P. | Cayman Islands | |
| OCM European Principal Opportunities Fund II AIF (Cayman), L.P. | Cayman Islands | |
| OCM European Principal Opportunities Fund II GP Ltd. | Cayman Islands | |
| OCM European Principal Opportunities Fund II GP, L.P. | Cayman Islands | |
| OCM European Principal Opportunities Fund II, L.P. | Cayman Islands | |
| OCM European Principal Opportunities Fund, L.P. | Cayman Islands | |
| OCM FIE, LLC | Delaware | |
| OCM Group Trust | Massachusetts | |
| OCM High Yield Plus Fund GP, L.P. | Delaware | |
| OCM High Yield Trust | Massachusetts | |
| OCM Holdings I, LLC | Delaware | |
| OCM Investments, LLC | Delaware | |
| OCM Mezzanine Fund II (Cayman), Ltd. | Cayman Islands | |
| OCM Mezzanine Fund II GP, L.P. | Delaware | |
| OCM Mezzanine Fund II, L.P. | Delaware | |
| OCM Mezzanine Fund, L.P. | Delaware | |
| OCM Opportunities Fund II, L.P. | Delaware | |
| OCM Opportunities Fund III, L.P. | Delaware | |
| OCM Opportunities Fund IV, L.P. | Delaware | |
| OCM Opportunities Fund IVb (Cayman), Ltd. | Cayman Islands | |
| OCM Opportunities Fund IVb, L.P. | Delaware | |
| OCM Opportunities Fund V (Cayman) Ltd. | Cayman Islands | |
| OCM Opportunities Fund V Feeder, L.P. | Delaware | |
| OCM Opportunities Fund V GP, L.P. | Delaware | |
| OCM Opportunities Fund V, L.P. | Delaware | |
| OCM Opportunities Fund VI (Cayman) Ltd. | Cayman Islands | |
| OCM Opportunities Fund VI AIF (Delaware), L.P. | Delaware | |
| OCM Opportunities Fund VI GP, L.P. | Delaware | |
| OCM Opportunities Fund VI, L.P. | Delaware | |
| OCM Opportunities Fund VII (Cayman) Ltd. | Cayman Islands | |
| OCM Opportunities Fund VII AIF (Delaware), L.P. | Delaware | |
| OCM Opportunities Fund VII GP Ltd. | Cayman Islands | |
| OCM Opportunities Fund VII GP, L.P. | Cayman Islands | |
| OCM Opportunities Fund VII, L.P. | Cayman Islands | |
| OCM Opportunities Fund VIIb (Cayman) Ltd. | Cayman Islands | |
| OCM Opportunities Fund VIIb (Parallel) AIF (Cayman), L.P. | Cayman Islands | |
| OCM Opportunities Fund VIIb (Parallel) AIF (Delaware), L.P. | Delaware | |
| OCM Opportunities Fund VIIb (Parallel), L.P. | Cayman Islands | |
| OCM Opportunities Fund VIIb AIF (Cayman), L.P. | Cayman Islands |
| Name | State or Other Jurisdiction of Incorporation or Organization | |
| OCM Opportunities Fund VIIb AIF (Delaware), L.P. | Delaware | |
| OCM Opportunities Fund VIIb GP Ltd. | Cayman Islands | |
| OCM Opportunities Fund VIIb GP, L.P. | Cayman Islands | |
| OCM Opportunities Fund VIIb, L.P. | Cayman Islands | |
| OCM Opportunities Fund, L.P. | Delaware | |
| OCM Power Opportunities Fund II GP (Cayman) Ltd. | Cayman Islands | |
| OCM Power Opportunities Fund II GP, L.P. | Delaware | |
| OCM Principal Opportunities Fund II, L.P. | Delaware | |
| OCM Principal Opportunities Fund III (Cayman) Ltd. | Cayman Islands | |
| OCM Principal Opportunities Fund III GP, L.P. | Delaware | |
| OCM Principal Opportunities Fund III Feeder L.P. | Delaware | |
| OCM Principal Opportunities Fund III, L.P. | Delaware | |
| OCM Principal Opportunities Fund IIIA, L.P. | Delaware | |
| OCM Principal Opportunities Fund IV (Cayman) Ltd. | Cayman Islands | |
| OCM Principal Opportunities Fund IV AIF (Delaware) GP, L.P. | Delaware | |
| OCM Principal Opportunities Fund IV AIF (Delaware), L.P. | Delaware | |
| OCM Principal Opportunities Fund IV GP, L.P. | Cayman Islands | |
| OCM Principal Opportunities Fund IV GP, Ltd. | Cayman Islands | |
| OCM Principal Opportunities Fund IV, L.P. | Cayman Islands | |
| OCM Real Estate Opportunities Fund A, L.P. | Delaware | |
| OCM Real Estate Opportunities Fund B, L.P. | Delaware | |
| OCM Real Estate Opportunities Fund II, L.P. | Delaware | |
| OCM Real Estate Opportunities Fund III GP, L.P. | Delaware | |
| OCM Real Estate Opportunities Fund III, L.P. | Delaware | |
| OCM Real Estate Opportunities Fund IIIA, L.P. | Delaware | |
| OCM/GFI Power Opportunities Fund II (Cayman), L.P. | Cayman Islands | |
| OCM/GFI Power Opportunities Fund II Feeder, L.P. | Delaware | |
| OCM/GFI Power Opportunities Fund II, L.P. | Delaware | |
| Pangaea Capital Management, L.P. | Cayman Islands | |
| Pangaea Holdings Ltd. | Cayman Islands | |
| RBO GP Holdings, L.P. | Delaware | |
| RBO LP Holdings, L.P. | Delaware | |
| Sabal Financial Group, L.P. | Delaware | |
| Sabal Financial Group GP, LLC | Delaware |