<SEC-DOCUMENT>0001181431-13-034109.txt : 20130611
<SEC-HEADER>0001181431-13-034109.hdr.sgml : 20130611
<ACCEPTANCE-DATETIME>20130611144016
ACCESSION NUMBER:		0001181431-13-034109
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130605
FILED AS OF DATE:		20130611
DATE AS OF CHANGE:		20130611

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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GRAVES SCOTT L
		CENTRAL INDEX KEY:			0001253469

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35500
		FILM NUMBER:		13905871
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>rrd383048.xml
<DESCRIPTION>FORM 3
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2013-06-05</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001253469</rptOwnerCik>
            <rptOwnerName>GRAVES SCOTT L</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>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>Managing Director</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Class A Units</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>72</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>OCGH Units</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </conversionOrExercisePrice>
            <exerciseDate>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
                <footnoteId id="F2"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Class A Units</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1149471</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Each OCGH unit represents a limited partnership interest in Oaktree Capital Group Holdings, L.P. (&quot;OCGH&quot;). 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 2)</footnote>
        <footnote id="F2">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>2013-06-11</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24.
<SEQUENCE>2
<FILENAME>rrd344454_389549.htm
<DESCRIPTION>POWER OF ATTORNEY
<TEXT>
<HTML>
<HEAD>
<TITLE>
rrd344454_389549.html
</TITLE>
</HEAD>
<BODY>
<PRE>

                                POWER OF ATTORNEY

     The undersigned hereby appoints Todd Molz, Richard Ting, Emily Alexander,
Lisa Arakaki, Brian Beck, Martin Boskovich, Jeffrey Joseph, Philip McDermott and
Jordon Mikes, and any of them acting alone, the attorneys-in-fact (collectively,
the "Attorneys-in-Fact" and individually an "Attorney-in-Fact") of the
undersigned for the purpose of executing in the undersigned's name, in the
undersigned's individual capacity or in any other capacity, including, without
limitation, as applicable, in the undersigned's capacity as a director, officer,
principal, member or partner of or in other capacities with Oaktree Capital
Group, LLC, a Delaware limited liability company ("OCG"), Oaktree Capital Group
Holdings GP, LLC, a Delaware limited liability company ("OCGH GP"), or Oaktree
Capital Group Holdings, L.P. ("OCGH"), a Delaware limited partnership, to comply
with the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"),
and the U.S. Securities Act of 1933, as amended (the "Securities Act"), and any
requirements of the U.S. Securities and Exchange Commission (the "SEC") in
respect thereof, (i) all documents, certificates, instruments, notices,
statements, agreements and other filings relating to the ownership, beneficial
or otherwise, of securities of OCG, OCGH GP, OCGH or any of their subsidiaries
or affiliates ("documents") that the undersigned may be required to file
pursuant to Section 13(d), Section 13(f) or Section 16(a) of the Exchange Act,
including, without limitation, any report or statement on Schedule 13D, Schedule
13G, Form 13F, Form 3, Form 4 or Form 5, or any amendment thereto; (ii) any
report or notice required under Rule 144 of the Securities Act, including,
without limitation, Form 144, or any amendment thereto; and (iii) any and all
other documents that may be necessary or appropriate in connection with or in
furtherance of any of the foregoing, including, without limitation, Form ID, or
any amendments thereto, and any other documents necessary or appropriate to
obtain codes and passwords enabling the undersigned to make electronic filings
with the SEC of reports required pursuant to Section 13(d) or Section 16(a) of
the Exchange Act or any rule or regulation of the SEC, such power and authority
to extend to any form or forms adopted by the SEC in lieu of or in addition to
any of the foregoing; in each case, as determined by such Attorney-in-Fact to be
necessary or appropriate. Any such determination shall be conclusively evidenced
by such Attorney-in-Fact's execution, delivery, furnishing and/or filing of the
applicable document.

     All past acts of the Attorneys-in-Fact in furtherance of the foregoing are
hereby ratified and confirmed.

     This power of attorney shall remain in effect from the date hereof until
the date revoked by the undersigned in a signed writing delivered to the
Attorneys-in-Fact, and this power of attorney does not revoke or replace any
other power of attorney that the undersigned has previously granted.

     IN WITNESS WHEREOF, I have hereunto set my hand this 10th day of June, 2013.



                                        /s/ Scott L. Graves
                                        ----------------------------------------
                                        Scott L. Graves

</PRE>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
