Oaktree Real Estate Opportunities Fund VII, L.P. slide image

Oaktree Real Estate Opportunities Fund VII, L.P.

OAKTREE REAL ESTATE OPPORTUNITIES FUND VII, L.P. Successful Realizations across Multiple Funds and Cycles REALIZED INVESTMENTS ($ in millions) Fund 4 Funds Raised Before 2007 SCF VI - ROF IIIA5 Funds Raised Since 2007 ROF IV Remington Account Legacy CMBS Fund6 ROF V ROF VI # Realized¹ 204 40 17 60 24 1 Invested Capital² Realized Proceeds $4,152 420 161 2,123 358 38 $6,275 637 227 2,630 552 57 Gross Investment- Gross Multiple Of level IRR³ Invested Capital4 17% 36 23 29 24 51 As of June 30, 2015 See "Performance Disclosures" section in the Appendix for performance-related information and disclosures. 1 Totals count cross-held deals as a single investment. 2 Represents total invested capital in fully realized investments. 3 Represents total gross investment-level IRR and does not include any fund-level fees or expenses. See "Established Track Record" section of the brochure for full track record. 1.7x 1.5 1.4 1.4 1.5 1.6 Total realized proceeds divided by total invested capital in fully realized investments. Total invested capital increases when a fund reinvests proceeds from early realizations even if no additional fund commitments were required to make these investments. As a result, the investment-level multiple of capital may appear low on an aggregate basis relative to the fund-level multiple of capital. 5 Includes SCF VI, ROF A, ROF B, ROF II and ROF III/IIA. Gross investment-level IRR and multiple of capital represent a roll-up of all investment-level cash flows for fully realized investments. See "Oaktree's Real Estate Track Record" portion of the Appendix for full track record. 6 Legacy CMBS Fund returns reflect fund-level leverage of 50%. Confidential 19
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