Oaktree Real Estate Opportunities Fund Viii, L.P. Presentation for Fresno County Employees’ Retirement Association

OAKTREE REAL ESTATE OPPORTUNITIES STRATEGY Oaktree's Real Estate Team LARGEST INVESTMENT TEAM AT OAKTREE COHESIVE LEADERSHIP over 14 years working together on average³ SIGNIFICANT EXPERIENCE 25 years on average4 DEEP BENCH 57-person team, including 23 managing directors Steve Choi¹ Head of Asia 24 years/13 years Aaron Greenberg Managing Director Jared Lazarus Managing Director David Buck Senior Vice President Amy Gall Vice President Mark Seager Vice President Chris Ahn Associate Olivia Peniston Associate Ambrose Fisher¹ Co-Portfolio Manager Real Estate Opportunities 30 years/26 years Ryan Delaney¹ Head of Asset Management 20 years / 8 years LOS ANGELES Taejo Kim Managing Director Warren Min Managing Director Andrew Loeb Senior Vice President Kimberly May Vice President KC Testwuide Vice President Minjoo Kim Associate Anniqa Karmali Analyst UNITED STATES Cary Kleinman Managing Director Bryan Sather, CFA Managing Director Charles Baxter Vice President Kevin Sciarillo Vice President Lauren Broser Associate Matthew Kucharski Associate Bill Loskota Managing Director Product Specialist, Real Estate (LA) Todd Liker¹ Co-Portfolio Manager Real Estate Opportunities 25 years/13 years Manish Desai Oaktree REIT President 20 years / 17 years Raymond Gong Managing Director Investment Experience: 32 years Oaktree Experience: 14 years NEW YORK Matthew Deatley Senior Vice President Jimmy Zhan Senior Vice President Alex Silverman Vice President John Brady Portfolio Manager Global Head of Real Estate Camille Kelleher Associate Bradley Lucas Vice President Product Specialist, Real Estate (LA) PRODUCT MANAGEMENT Amy Johannes Managing Director Justin Guichard¹ Co-Portfolio Manager Real Estate Debt 22 years/13 years Katy Mao Senior Vice President Adam Goldberg Vice President Ainslee Burns Associate Jason Keller¹ Head of Residential 24 years/14 years Bri Ossman Associate Alexis Harmon Assistant Vice President Product Associate, Real Estate (LA) EUROPE LONDON Mark Hulbert Managing Director Derek Rich Managing Director Jeffrey Chalmers Senior Vice President Stuart Keith Senior Vice President Julian Busch Associate Javier Muelas Giron Associate Maxim Rozhdov Associate DISTRESSED DEBT 58 professionals Mark Jacobs¹ Co-Portfolio Manager Real Estate Income 27 years/20 years Derek Smith¹ Head of Operations 29 years / 10 years HONG KONG Jenny Li Managing Director Harvey Byun Vice President Christopher Shang Vice President Kate Tan Associate U.S. HIGH YIELD BONDS 20 professionals LEGAL 17 attorneys ASIA PACIFIC SEOUL Andrew Lee Senior Vice President ADDITIONAL RESOURCES Benjamin Bianchi¹ Head of Europe 21 years / 7 years Rachel Park, CPA Senior Vice President Andie Shin Vice President GLOBAL CONVERTIBLES 8 professionals BELLWETHER ASSET MANAGEMENT² 71 professionals As of April 3, 2021 (unless otherwise noted) Note: Years above represent years of Investment Experience and Oaktree Experience, respectively, for each member of the leadership team as of December 31, 2020. See the "Endnotes" for footnote references on page 11. TOKYO Hideya Takahashi Senior Vice President SYDNEY Benjamin Coughlin Managing Director U.S. SENIOR LOANS 16 professionals

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