<SEC-DOCUMENT>0001181431-12-023756.txt : 20120411
<SEC-HEADER>0001181431-12-023756.hdr.sgml : 20120411
<ACCEPTANCE-DATETIME>20120411193703
ACCESSION NUMBER:		0001181431-12-023756
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20120409
FILED AS OF DATE:		20120411
DATE AS OF CHANGE:		20120411

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			MARKS HOWARD S
		CENTRAL INDEX KEY:			0001372705

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35500
		FILM NUMBER:		12755221

	MAIL ADDRESS:	
		STREET 1:		C/O OAKTREE CAPITAL MANAGEMENT
		STREET 2:		333 SOUTH GRAND 28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071

	FORMER NAME:	
		FORMER CONFORMED NAME:	Marks Howard
		DATE OF NAME CHANGE:	20060815

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Oaktree Capital Group, LLC
		CENTRAL INDEX KEY:			0001403528
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE
		STREET 2:		28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
		BUSINESS PHONE:		(213) 830-6300

	MAIL ADDRESS:	
		STREET 1:		333 SOUTH GRAND AVENUE
		STREET 2:		28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>rrd339856.xml
<DESCRIPTION>FORM 3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0205</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2012-04-09</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001403528</issuerCik>
        <issuerName>Oaktree Capital Group, LLC</issuerName>
        <issuerTradingSymbol>OAK</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001372705</rptOwnerCik>
            <rptOwnerName>MARKS HOWARD S</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O OAKTREE CAPITAL GROUP, LLC</rptOwnerStreet1>
            <rptOwnerStreet2>333 SOUTH GRAND AVENUE, 28TH FLOOR</rptOwnerStreet2>
            <rptOwnerCity>LOS ANGELES</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>90071</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Chairman and Principal</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Units</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1826</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Units</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>13000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class B Units</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>128157617</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>OCGH Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F2"/>
                <footnoteId id="F3"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Units</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>23562546</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Oaktree Capital Group Holdings, L.P., or OCGH, holds 13,000 Class A units of the Issuer and 128,157,617 Class B units of the Issuer. The general partner of OCGH is Oaktree Capital Group Holdings GP, LLC, or OCGH GP. In his capacity as a member of the executive committee of OCGH GP, the Reporting Person may be deemed to be a beneficial owner of the securities held by OCGH. Pursuant to Rule 16a-1(a)(4) of the Securities Exchange Act of 1934, as amended, the Reporting Person states that this filing shall not be deemed to be an admission that the Reporting Person is the beneficial owner of any of the securities reported herein, and the Reporting Person disclaims beneficial ownership of such securities, except to the extent of the Reporting Person's pecuniary interest therein.</footnote>
        <footnote id="F2">Each OCGH unit represents a limited partnership interest in OCGH. Pursuant to an exchange agreement and subject to certain restrictions, including the approval of the exchange by the board of directors of the Issuer, each holder of OCGH units has the right to exchange his or her vested OCGH units following the expiration of any applicable lock-up period into, at the option of the board of directors of the Issuer, Class A units of the Issuer on a one-for-one basis, an equivalent amount of cash based on then-prevailing market prices, other consideration of equal value or any combination of the foregoing, with adjustments, as applicable, to account for the disproportionate sharing among certain OCGH unitholders of the historical incentive income of certain of the Issuer's closed-end funds that held their final closing before the Issuer's May 2007 restructuring. (Continued in Footnote 3)</footnote>
        <footnote id="F3">The adjustments will be made pursuant to the OCGH limited partnership agreement to account for the fact that, as a result of the May 2007 restructuring, the interests of certain OCGH unitholders in historical incentive income are disproportionately larger or smaller than their pro rata interest in the Issuer's business, depending on when the unitholder's interest in the Issuer's business was acquired.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Richard Ting, Attorney-in-fact</signatureName>
        <signatureDate>2012-04-11</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.
<SEQUENCE>2
<FILENAME>rrd304763_344660.htm
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
<HTML>
<HEAD>
<TITLE>
rrd304763_344660.html
</TITLE>
</HEAD>
<BODY>
<PRE>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;POWER OF ATTORNEY<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  The undersigned hereby appoints Todd Molz, Richard Ting, Emily<br>Alexander, Lisa Arakaki, Brian Beck, Martin Boskovich and Jeffrey Joseph, and<br>any of them acting alone, the attorneys-in-fact (collectively, the<br>"Attorneys-in-Fact" and individually an "Attorney-in-Fact") of the undersigned<br>for the purpose of executing in the undersigned's name, in the undersigned's<br>individual capacity or in any other capacity, including, without limitation, as<br>applicable, in the undersigned's capacity as a director, officer, principal,<br>member or partner of or in other capacities with Oaktree Capital Group, LLC, a<br>Delaware limited liability company ("OCG"), Oaktree Capital Group Holdings GP,<br>LLC, a Delaware limited liability company ("OCGH GP"), or Oaktree Capital Group<br>Holdings, L.P. ("OCGH"), a Delaware limited partnership, to comply with the U.S.<br>Securities Exchange Act of 1934, as amended (the "Exchange Act"), and the U.S.<br>Securities Act of 1933, as amended (the "Securities Act"), and any requirements<br>of the U.S. Securities and Exchange Commission (the "SEC") in respect thereof,<br>(i) all documents, certificates, instruments, notices, statements, agreements<br>and other filings relating to the ownership, beneficial or otherwise, of<br>securities of OCG, OCGH GP, OCGH or any of their subsidiaries or affiliates<br>("documents") that the undersigned may be required to file pursuant to Section<br>13(d), Section 13(f) or Section 16(a) of the Exchange Act, including, without<br>limitation, any report or statement on Schedule 13D, Schedule 13G, Form 13F,<br>Form 3, Form 4 or Form 5, or any amendment thereto; (ii) any report or notice<br>required under Rule 144 of the Securities Act, including, without limitation,<br>Form 144, or any amendment thereto; and (iii) any and all other documents that<br>may be necessary or appropriate in connection with or in furtherance of any of<br>the foregoing, including, without limitation, Form ID, or any amendments<br>thereto, and any other documents necessary or appropriate to obtain codes and<br>passwords enabling the undersigned to make electronic filings with the SEC of<br>reports required pursuant to Section 13(d) or Section 16(a) of the Exchange Act<br>or any rule or regulation of the SEC, such power and authority to extend to any<br>form or forms adopted by the SEC in lieu of or in addition to any of the<br>foregoing; in each case, as determined by such Attorney-in-Fact to be necessary<br>or appropriate. Any such determination shall be conclusively evidenced by such<br>Attorney-in-Fact's execution, delivery, furnishing and/or filing of the<br>applicable document.<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  All past acts of the Attorneys-in-Fact in furtherance of the foregoing<br>are hereby ratified and confirmed.<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  This power of attorney shall remain in effect from the date hereof until<br>the date revoked by the undersigned in a signed writing delivered to the<br>Attorneys-in-Fact, and this power of attorney does not revoke or replace any<br>other power of attorney that the undersigned has previously granted.<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  IN WITNESS WHEREOF, I have hereunto set my hand this 8th day of March,<br>2012.<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; /s/ Howard S. Marks<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; ---------------------------------------<br>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Name: Howard S. Marks
</PRE>
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</DOCUMENT>
</SEC-DOCUMENT>
