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May 25, 2015 7:43 AM ET

Capital Markets

Company Overview of Oaktree Capital Group, LLC

Company Overview

Oaktree Capital Group, LLC operates as a global investment management firm that focuses on alternative markets. It manage investments in a number of strategies within six asset classes, including distressed debt; corporate debt, including high yield debt and senior loans; control investing; convertible securities; real estate; and listed equities. The company pursues these strategies through closed-end, open-end, and evergreen funds. Oaktree Capital Group, LLC was founded in 1995 and is headquartered in Los Angeles, California.

333 South Grand Avenue

28th Floor

Los Angeles, CA 90071

United States

Founded in 1995

900 Employees

Phone:

213-830-6300

Key Executives for Oaktree Capital Group, LLC

Chief Executive Officer, Director and Member of Executive Committee
Age: 57
Total Annual Compensation: $1.1M
Co-Chairman, Chief Investment Officer, Portfolio Manager, Director and Member of Executive Committee
Age: 59
Chief Financial Officer, Principal and Director
Age: 58
Head of Credit Strategies and Managing Director
Age: 43
Total Annual Compensation: $2.8M
Managing Director
Age: 45
Compensation as of Fiscal Year 2014.

Oaktree Capital Group, LLC Key Developments

Oaktree Capital Group, LLC - Shareholder/Analyst Call

Oaktree Capital Group, LLC - Shareholder/Analyst Call

Commerzbank To Sell Loan Portfolios

Commerzbank AG (DB:CBK) is seeking to sell loan portfolios worth €3.4 billion in a bid to comply with tougher bank requirements. Among the potential buyers are Cerberus Capital Management, L.P., Oaktree Capital Group, LLC (NYSE:OAK) and Lone Star. As per reports, a transaction should be closed in June. The lender will sell real estate loans in Eastern Europe, Turkey and Scandinavia with a total valuation of €2.7 billion. Non-performing real estate loans in Germany worth €700 million will also be put up for sale.

Oaktree Capital Group, LLC Declares Distribution for the First Quarter of 2015, Payable on May 14, 2015; Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015

Oaktree Capital Group, LLC has declared a distribution attributable to the first quarter of 2015 of $0.64 per Class A unit. This distribution will be paid on May 14, 2015 to Class A unit holders of record at the close of business on May 11, 2015. The company reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company's revenues - management fees was $50,819,000 compared to $40,431,000 a year ago. Income before income taxes was $1,290,894,000 compared to $1,548,170,000 a year ago. Net income was $1,283,019,000 compared to $1,540,184,000 a year ago. Net income attributable to Oaktree Capital Group, LLC was $38,253,000 compared to $51,794,000 a year ago. Net income per unit - basic and diluted was $0.85 compared to $1.30 a year ago. Adjusted net income before interest and other income was $165,167,000 compared to $255,268,000 a year ago. Adjusted net income was $155,338,000 compared to $246,945,000 a year ago. Adjusted net income-OCG was $38,285,000 compared to $57,875,000 a year ago. Adjusted net income per Class A unit was $0.85 compared to $1.46 a year ago. Segment revenues declined $133.4 million, or 25.3%, to $394.4 million in the first quarter of 2015, from $527.8 million in the first quarter of 2014, reflecting decreases of $0.3 million in management fees and $140.0 million in incentive income, partially offset by $7.0 million in higher investment income.

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