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Based on the most helpful WSO content, Oaktree's modeling tests are generally consistent across teams. For a role like Opportunistic Credit, you can expect the following:

1. Short-form LBO Model: This is a common requirement in Oaktree's modeling tests. Be prepared to build a simplified leveraged buyout model, focusing on key metrics like IRR and MOIC.

2. Operating Model: You might need to construct an operating model, which could include advanced components like tax schedules, deferred tax liabilities (DTL), and other detailed schedules beyond the basic three financial statements.

3. Credit Analysis: Since this is for an Opportunistic Credit role, expect to analyze industry risks, company-specific risks, and how the company compares to its comps. This could involve assessing the creditworthiness of a deal and identifying potential risks.

4. Time Management: With only 1.25 hours, the test will likely focus on your ability to work efficiently under time pressure. Practice building models quickly while maintaining accuracy.

To prepare, consider reviewing WSO's LBO Modeling Course and Financial Statement Modeling Course, as they provide the foundational skills needed for such tests.

Sources: Credit Analyst Q&A, Credit Analyst Q&A, Oaktree Modeling Test /Case Study, Evercore lateral interview: what to expect in terms of questions and modeling test?, Q&A: Credit Analyst (Multi-Strat Credit Fund) >$5bn Fund