Business Context and Reporting Period
This Form 8-K is a current report filed by Oaktree Capital Group, LLC on January 25, 2013. The filing discloses estimated Assets Under Management (AUM) and management fee-generating AUM as of December 31, 2012. The company noted that these figures are subject to adjustment pending the completion of the fourth quarter 2012 financial report, which was scheduled for release on February 14, 2013.
Key Financial Metrics
| Metric | As of Dec 31, 2012 | As of Sep 30, 2012 |
|---|---|---|
| Estimated Assets Under Management (AUM) | $77.1 billion | $81.0 billion |
| Management Fee-Generating AUM | $66.8 billion | $66.2 billion |
The filing does not provide specific values for revenue, profit, cash flow, margins, debt, or liquidity for the period, as this report focuses solely on asset levels.
Material Changes
- Total AUM: Decreased by $3.9 billion from the prior quarter (September 30, 2012).
- Fee-Generating AUM: Increased by $0.6 billion from the prior quarter.
Outlook, Risks, and Management Commentary
Management indicated that the disclosed AUM figures are estimates and remain subject to potential adjustment until the formal fourth-quarter financial report is issued. The filing includes standard forward-looking statements warning that actual results may differ materially due to factors such as changes in investment values, the pace of new fund raising, distributions, liquidation of existing funds, operating expenses, competition, and general economic conditions. The company explicitly stated it does not undertake an obligation to update forward-looking statements.
Investor Verification Checklist
- Verify the final fourth-quarter 2012 financial results when released on February 14, 2013, to confirm the estimated AUM figures.
- Review the definitions of "AUM" and "management fee-generating AUM" to understand exclusions such as undrawn capital and closed-end funds beyond their fee-paying terms.
- Monitor subsequent filings for updates on the pace of new fund raising and liquidation of existing funds, which are cited as key risk factors.