Oaktree High Income Convertible Fund II, L.P.
Oaktree High Income Convertible Fund II, L.P. is a hedge fund based in Los Angeles, California. According to its most recent Form D, filed Apr 14, 2025, the fund has sold $209,836,554 of interests to 38 investors since its first sale in Feb 2003. The filing does not set a minimum investment. It relies on the Section 3(c)(7) exclusion, so investors generally must be qualified purchasers. The offering uses Rule 506(b), which does not permit general solicitation. Related persons named in the filing include Sheldon Stone; Armen Panossian; Bruce Karsh.
Performance
No verified returns have been reported for this fund. As a rough guide, Oaktree Capital Management, L.P., which manages it, disclosed U.S. stock holdings that returned an estimated +19.3% 2026 YTD through Jun 30 (S&P 500: +9.5%), based only on its public 13F filings. Over a longer period, Q3 2024 to Q2 2026, the estimate is +46.4% (S&P 500: +37.2%).
This estimate covers the firm's whole disclosed long U.S. stock portfolio. It is not this fund's return and excludes dividends, fees, shorts, derivatives, bonds, cash and trading within each quarter.
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- Total raised
- $209,836,554Cumulative sales reported on Form D
- Investors
- 38
- First sale
- Feb 1, 2003
- Minimum investment
- None set
- Who can invest
- Qualified purchasersSection 3(c)(7): generally $5M+ in investments
- Offering exemption
- Rule 506(b)No general advertising
- Key people and entities
- Sheldon Stone; Armen Panossian; Bruce Karsh
- Latest Form D
- Apr 14, 2025
From SEC filings, not verified. This page republishes the fund's Form D as filed. It is not an offer, solicitation or recommendation, and AltMountain has not reviewed the fund. “Raised” is cumulative sales, not current assets or performance. Private funds are speculative, illiquid and generally limited to accredited investors or qualified purchasers. Full disclosures · Request a correction
Questions about Oaktree High Income Convertible Fund II, L.P.
What is the minimum investment for Oaktree High Income Convertible Fund II, L.P.?
Oaktree High Income Convertible Fund II, L.P.'s latest Form D, filed Apr 14, 2025, does not set a minimum investment. Managers can still require one in the offering documents.
Who can invest in Oaktree High Income Convertible Fund II, L.P.?
Oaktree High Income Convertible Fund II, L.P. is generally open only to qualified purchasers (generally individuals with at least $5 million in investments), because it relies on Section 3(c)(7). It uses Rule 506(b), which does not allow general advertising.
How much has Oaktree High Income Convertible Fund II, L.P. raised?
Oaktree High Income Convertible Fund II, L.P. reports $209,836,554 sold from 38 investors on its Form D filed Apr 14, 2025. This is cumulative sales since the offering began, not current assets or performance.
Where is Oaktree High Income Convertible Fund II, L.P. based?
Oaktree High Income Convertible Fund II, L.P. is based in Los Angeles, California and is managed by Oaktree Capital Management, L.P..
When did Oaktree High Income Convertible Fund II, L.P. launch?
Oaktree High Income Convertible Fund II, L.P. reports its first sale in Feb 2003.
Size compared with every hedge fund
Raised more than 77% of the 1,060 hedge funds based in California, and more than 70% of all 10,308 that report sales.
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