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| OAK > SEC Filings for OAK > Form 8-K on 25-Jan-2013 | All Recent SEC Filings |
25-Jan-2013
Regulation FD Disclosure
Estimated Assets Under Management and Management Fee-Generating Assets Under Management as of December 31, 2012
Oaktree Capital Group, LLC (the "Company," "we" or "us") is making this disclosure contemporaneous with our periodic update of information in our fund presentation materials and on our website. The information presented below remains subject to potential adjustment until completion of the forthcoming fourth quarter 2012 financial report. As previously announced in our press release on January 16, 2013, we will report fourth quarter and full year 2012 financial results prior to the opening of the New York Stock Exchange on Thursday, February 14, 2013.
The term "assets under management," or AUM, generally refers to the assets we
manage and equals the net asset value of our funds, plus the undrawn capital
that we are entitled to call from investors in those funds pursuant to their
capital commitments and fund-level leverage that generates management fees. The
term "management fee-generating assets under management" reflects AUM on which
we earn management fees for the following quarter. It excludes (i) certain AUM ,
such as differences between AUM and committed capital or cost basis for most
closed-end funds, (ii) the investments we make in our funds as general partners,
(iii) undrawn capital commitments to funds for which management fees are based
on net asset value or drawn capital, (iv) contributed capital and capital
commitments to closed-end funds that have not yet commenced their investment
periods, (v) closed-end funds that are beyond the term during which they pay
management fees, and (vi) AUM in restructured and liquidating evergreen funds
for which management fees were waived.
As of December 31, 2012, the estimated AUM was $77.1 billion, a decrease of $3.9 billion from $81.0 billion as of September 30, 2012. The estimated management fee-generating AUM was $66.8 billion as of December 31, 2012, an increase of $0.6 billion from $66.2 billion as of September 30, 2012.
The information in this Current Report is "furnished" but not "filed" for purposes of Section 18 of the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act").
Forward-Looking Statements
This Current Report may contain forward-looking statements within the meaning of
Section 27A of the U.S. Securities Act of 1933, as amended (the "Securities
Act"), and Section 21E of the Exchange Act, which reflect the current views of
the Company with respect to, among other things, its future results of
operations and financial performance. In some cases, you can identify
forward-looking statements by words such as "anticipate," "approximately,"
"believe," "continue," "could," "estimate," "expect," "intend," "may,"
"outlook," "plan," "potential," "predict," "seek," "should," "will" and "would"
or the negative version of these words or other comparable or similar words.
These statements identify prospective information. Important factors could cause
actual results to differ, possibly materially, from those indicated in these
statements. Any forward-looking statements are based on the Company's beliefs,
assumptions and expectations of its future performance, taking into account all
information currently available to the Company. Such forward-looking statements
are subject to risks and uncertainties and assumptions relating to the Company's
operations, financial results, financial condition, business prospects, growth
strategy and liquidity, including, but not limited to, changes in our
anticipated revenue and income, which are inherently volatile; changes in the
value of our investments; the pace of our raising of new funds; distributions
from and liquidation of our existing funds; changes in our operating or other
expenses; the degree to which we encounter competition; and general economic and
market conditions. The factors listed in the section captioned "Risk Factors" in
the Company's prospectus dated April 11, 2012, which was filed with the SEC on
April 12, 2012 in accordance with Rule 424(b) of the Securities Act, and in Part
II, Item 1A, "Risk Factors" in the Company's Quarterly Report on Form 10-Q for
the quarter ended June 30, 2012, each of which is accessible on the SEC's
website at www.sec.gov, provide examples of risks, uncertainties and events that
may cause the Company's actual results to differ materially from the
expectations described in its forward-looking statements.
Any forward-looking statements speak only as of the date of this Current Report. Except as required by law, the Company does not undertake any obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise.
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