Oaktree Capital Group, LLC announced the appointment of Steven Gilbert to its Board of Directors, effective as of October 24, 2016. Mr. Gilbert is the founder and Chairman of the Board of Gilbert Global Equity Partners, L.P. Mr. Gilbert currently serves as Vice Chairman of the Executive Board of MidOcean Equity Partners, LP and Co-Chairman of Birch Grove Capital, and has served on the boards of more than 25 companies over the span of his career. Oaktree also announced that Steve Kaplan, Director, Principal, and founder of Oaktree’s Global Principal Group, has decided to retire to pursue his personal interests and will transition to serving as an Advisory Partner to the firm. Mr. Kaplan will assume his new role and step down from Oaktree’s Board of Directors, effective December 31, 2016. Mr. Kaplan served as a managing director of TCW and portfolio manager in the TCW Special Credits Group. Mr. Kaplan currently serves on the boards of Regal Entertainment Group, AdvancePierre Foods, Townsquare Media Inc., and several private companies and nonprofit organizations, including the UCLA Jonsson Comprehensive Cancer Center Foundation and the New York University School of Law Foundation.