March 03, 2015 3:07 PM 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

927 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 Seeks Acquisitions

Oaktree Capital Group, LLC (NYSE: OAK) announced a public offering of 4 million Class A units. Oaktree intends to use the net proceeds from the offering to acquire interests in its business from certain of its directors, current and former employees and other investors, including certain senior executives and other members of its senior management.

Oaktree Capital Group, LLC Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

Oaktree Capital Group, LLC announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. Adjusted net income declined to $98.4 million in the fourth quarter of 2014 from $268.4 million in the fourth quarter of 2013. Distributable earnings declined to $121.7 million in the fourth quarter of 2014 from $221.3 million in the fourth quarter of 2013. GAAP net income attributable to Oaktree Capital Group, LLC was $24.4 million as compared with $64.9 million in corresponding prior year period. Total revenues were $47,660,000 against $43,183,000 a year ago. Loss before income taxes was $93,467,000 against income of $1,700,481,000 a year ago. Net income per Class A unit (basic and diluted) was $0.56 against $1.69 a year ago. Earnings fell year-on-year due to a decrease in incentive and investment income. For full-year 2014, adjusted net income decreased to $575.1 million from $1.1 billion in 2013. The declines primarily reflected lower incentive income attributable to the prior year's comparatively large incentive distributions by OCM Opportunities Fund VIIb, L.P., and reduced investment income. For full-year 2014, distributable earnings decreased to $608.1 million from $984.3 million in 2013. The declines primarily reflected lower incentive income following the comparatively large incentive distributions by Opps VIIb in 2013. GAAP net income attributable to Oaktree Capital Group, LLC was $126.3 million compared with $222.0 million for the corresponding prior-year periods. Total revenues were $193,894,000 against $194,922,000 a year ago. Income before income taxes was $2,194,088,000 against $6,236,964,000 a year ago. Net income per Class A unit (basic and diluted) was $2.97 against $6.35 a year ago.

Oaktree Capital Group, Llc Declares Quarterly Dividend, Payable on February 25, 2015

Oaktree Capital Group, LLC declared a quarterly dividend of $0.56 per share, down from a previous dividend of $0.62 per share. The dividend is payable on February 25, 2015 to holders of record on February 19, 2015.

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