-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
 MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen
 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 CAgbH3U5bFyfbIztZJsIwdaTJC2ApkXkWFPbgPZNoU4odcZ3cjVYaLGFymGaqdz5
 FPifcfq5kcCT2TJ5jJp66w==

<SEC-DOCUMENT>0001500119-10-000004.txt : 20101208
<SEC-HEADER>0001500119-10-000004.hdr.sgml : 20101208
<ACCEPTANCE-DATETIME>20101207211813
ACCESSION NUMBER:		0001500119-10-000004
CONFORMED SUBMISSION TYPE:	D
PUBLIC DOCUMENT COUNT:		1
ITEM INFORMATION:		Rule 506
ITEM INFORMATION:		Investment Company Act Section 3(c)
ITEM INFORMATION:		Section 3(c)(7)
FILED AS OF DATE:		20101208
DATE AS OF CHANGE:		20101207
EFFECTIVENESS DATE:		20101208

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DoubleLine Opportunistic Income Fund Ltd
		CENTRAL INDEX KEY:			0001500085
		IRS NUMBER:				980669627
		STATE OF INCORPORATION:			E9
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-151536-01
		FILM NUMBER:		101238612

	BUSINESS ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVE, 18TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		(213) 633-8200

	MAIL ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVE, 18TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			DoubleLine Opportunistic Income LP
		CENTRAL INDEX KEY:			0001500119
		IRS NUMBER:				273161476
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		D
		SEC ACT:		1933 Act
		SEC FILE NUMBER:	021-151536
		FILM NUMBER:		101238611

	BUSINESS ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE, 18TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		213-613-8200

	MAIL ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE, 18TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
</SEC-HEADER>
<DOCUMENT>
<TYPE>D
<SEQUENCE>1
<FILENAME>primary_doc.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<edgarSubmission>

    <schemaVersion>X0704</schemaVersion>

    <submissionType>D</submissionType>

    <testOrLive>LIVE</testOrLive>

    <primaryIssuer>
        <cik>0001500119</cik>
        <entityName>DoubleLine Opportunistic Income LP</entityName>
        <issuerAddress>
            <street1>333 SOUTH GRAND AVENUE, 18TH FLOOR</street1>
            <city>LOS ANGELES</city>
            <stateOrCountry>CA</stateOrCountry>
            <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
            <zipCode>90071</zipCode>
        </issuerAddress>
        <issuerPhoneNumber>213-613-8200</issuerPhoneNumber>
        <jurisdictionOfInc>DELAWARE</jurisdictionOfInc>
        <issuerPreviousNameList>
            <value>None</value>
        </issuerPreviousNameList>
        <edgarPreviousNameList>
            <value>None</value>
        </edgarPreviousNameList>
        <entityType>Limited Partnership</entityType>
        <yearOfInc>
            <withinFiveYears>true</withinFiveYears>
            <value>2010</value>
        </yearOfInc>
    </primaryIssuer>

    <issuerList>
        <issuer>
            <cik>0001500085</cik>
            <entityName>DoubleLine Opportunistic Income Fund Ltd</entityName>
            <issuerAddress>
                <street1>333 SOUTH GRAND AVE, 18TH FLOOR</street1>
                <city>LOS ANGELES</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>90071</zipCode>
            </issuerAddress>
            <issuerPhoneNumber>(213) 633-8200</issuerPhoneNumber>
            <jurisdictionOfInc>CAYMAN ISLANDS</jurisdictionOfInc>
            <issuerPreviousNameList>
                <value>None</value>
            </issuerPreviousNameList>
            <edgarPreviousNameList>
                <value>None</value>
            </edgarPreviousNameList>
            <entityType>Other</entityType>
            <entityTypeOtherDesc>Cayman Islands Ltd</entityTypeOtherDesc>
            <yearOfInc>
                <withinFiveYears>true</withinFiveYears>
                <value>2010</value>
            </yearOfInc>
        </issuer>
    </issuerList>

    <relatedPersonsList>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Earl</firstName>
                <middleName>A</middleName>
                <lastName>Lariscy</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>333 South Grand Avenue</street1>
                <street2>18th Floor</street2>
                <city>Los Angeles</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>90071</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Also: Director of DoubleLine Opportunistic Income Fund Ltd.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Joseph</firstName>
                <middleName>W</middleName>
                <lastName>Sullivan</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>333 South Grand Avenue</street1>
                <street2>18th Floor</street2>
                <city>Los Angeles</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>90071</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Also: Director of DoubleLine Opportunistic Income Fund Ltd.</relationshipClarification>
        </relatedPersonInfo>
        <relatedPersonInfo>
            <relatedPersonName>
                <firstName>Louis</firstName>
                <middleName>C</middleName>
                <lastName>Lucido</lastName>
            </relatedPersonName>
            <relatedPersonAddress>
                <street1>333 South Grand Avenue</street1>
                <street2>18th Floor</street2>
                <city>Los Angeles</city>
                <stateOrCountry>CA</stateOrCountry>
                <stateOrCountryDescription>CALIFORNIA</stateOrCountryDescription>
                <zipCode>90071</zipCode>
            </relatedPersonAddress>
            <relatedPersonRelationshipList>
                <relationship>Executive Officer</relationship>
            </relatedPersonRelationshipList>
            <relationshipClarification>Also: Director of DoubleLine Opportunistic Income Fund Ltd.</relationshipClarification>
        </relatedPersonInfo>
    </relatedPersonsList>

    <offeringData>
        <industryGroup>
            <industryGroupType>Pooled Investment Fund</industryGroupType>
            <investmentFundInfo>
                <investmentFundType>Other Investment Fund</investmentFundType>
                <is40Act>false</is40Act>
            </investmentFundInfo>
        </industryGroup>
        <issuerSize>
            <aggregateNetAssetValueRange>Decline to Disclose</aggregateNetAssetValueRange>
        </issuerSize>
        <federalExemptionsExclusions>
            <item>06</item>
            <item>3C</item>
            <item>3C.7</item>
        </federalExemptionsExclusions>
        <typeOfFiling>
            <newOrAmendment>
                <isAmendment>false</isAmendment>
            </newOrAmendment>
            <dateOfFirstSale>
                <value>2010-09-01</value>
            </dateOfFirstSale>
        </typeOfFiling>
        <durationOfOffering>
            <moreThanOneYear>true</moreThanOneYear>
        </durationOfOffering>
        <typesOfSecuritiesOffered>
            <isPooledInvestmentFundType>true</isPooledInvestmentFundType>
        </typesOfSecuritiesOffered>
        <businessCombinationTransaction>
            <isBusinessCombinationTransaction>false</isBusinessCombinationTransaction>
            <clarificationOfResponse></clarificationOfResponse>
        </businessCombinationTransaction>
        <minimumInvestmentAccepted>500000</minimumInvestmentAccepted>
        <salesCompensationList></salesCompensationList>
        <offeringSalesAmounts>
            <totalOfferingAmount>Indefinite</totalOfferingAmount>
            <totalAmountSold>95855000</totalAmountSold>
            <totalRemaining>Indefinite</totalRemaining>
            <clarificationOfResponse>Updated through December 7, 2010; initial filing submitted 9/1/2010; $81,705,000 in DOI LP; $14,150,000 in DOI Ltd; Number of Investors in response to question 14: LP=67; Ltd=10.</clarificationOfResponse>
        </offeringSalesAmounts>
        <investors>
            <hasNonAccreditedInvestors>false</hasNonAccreditedInvestors>
            <totalNumberAlreadyInvested>77</totalNumberAlreadyInvested>
        </investors>
        <salesCommissionsFindersFees>
            <salesCommissions>
                <dollarAmount>0</dollarAmount>
            </salesCommissions>
            <findersFees>
                <dollarAmount>0</dollarAmount>
            </findersFees>
            <clarificationOfResponse></clarificationOfResponse>
        </salesCommissionsFindersFees>
        <useOfProceeds>
            <grossProceedsUsed>
                <dollarAmount>0</dollarAmount>
            </grossProceedsUsed>
            <clarificationOfResponse></clarificationOfResponse>
        </useOfProceeds>
        <signatureBlock>
            <authorizedRepresentative>false</authorizedRepresentative>
            <signature>
                <issuerName>DoubleLine Opportunistic Income LP</issuerName>
                <signatureName>Earl A. Lariscy</signatureName>
                <nameOfSigner>Earl A. Lariscy</nameOfSigner>
                <signatureTitle>General Counsel</signatureTitle>
                <signatureDate>2010-12-07</signatureDate>
            </signature>
            <signature>
                <issuerName>DoubleLine Opportunistic Income Fund Ltd</issuerName>
                <signatureName>Earl A. Lariscy</signatureName>
                <nameOfSigner>Earl A. Lariscy</nameOfSigner>
                <signatureTitle>Director</signatureTitle>
                <signatureDate>2010-12-07</signatureDate>
            </signature>
        </signatureBlock>
    </offeringData>
</edgarSubmission>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----