Business Context and Reporting Period
This Form 8-K is a current report filed by Oaktree Capital Group, LLC on May 1, 2012, pursuant to Regulation FD. The filing discloses estimated Assets Under Management (AUM) as of March 31, 2012. The Company announced it would report its first quarter 2012 financial results on May 10, 2012.
Key Financial Metrics
| Metric | Value |
|---|---|
| Estimated AUM (March 31, 2012) | $77.9 billion |
| Estimated AUM (December 31, 2011) | $74.9 billion |
| AUM Increase (Q1 2012) | $3.0 billion (4.0%) |
| Revenue, Profit, Cash Flow, Debt, Liquidity | Not provided in this filing |
Material Changes Versus Prior Period
AUM increased by $3.0 billion from the prior quarter. The primary drivers for this change were:
- Market Value Appreciation: $3.7 billion increase across funds and accounts.
- New Capital Commitments: $1.7 billion added to closed-end funds.
- Distributions: $2.6 billion in closed-end fund distributions, which partially offset the growth.
Guidance, Outlook, and Risks
The filing contains forward-looking statements regarding future results of operations and financial performance. These statements are subject to risks and uncertainties, including those detailed in the "Risk Factors" section of the Company's prospectus dated April 11, 2012. The Company does not undertake an obligation to update these statements. The AUM figures presented are estimates and remain subject to potential adjustment until the completion of the forthcoming quarterly financial report.
Investor Verification Checklist
- Verify the final Q1 2012 financial results when reported on May 10, 2012, to confirm the estimated AUM figures.
- Review the prospectus dated April 11, 2012, for detailed risk factors affecting future performance.
- Monitor subsequent filings for adjustments to the estimated AUM of $77.9 billion.