<SEC-DOCUMENT>0001209191-14-018567.txt : 20140307
<SEC-HEADER>0001209191-14-018567.hdr.sgml : 20140307
<ACCEPTANCE-DATETIME>20140307193226
ACCESSION NUMBER:		0001209191-14-018567
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20130224
FILED AS OF DATE:		20140307
DATE AS OF CHANGE:		20140307

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:			Gentile Susan
		CENTRAL INDEX KEY:			0001508493

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-35500
		FILM NUMBER:		14678880

	MAIL ADDRESS:	
		STREET 1:		C/O OAKTREE CAPITAL MANAGEMENT, L.P.
		STREET 2:		333 S. GRAND AVENUE, 28TH FLOOR
		CITY:			LOS ANGELES
		STATE:			CA
		ZIP:			90071
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>doc3.xml
<DESCRIPTION>FORM 3 SUBMISSION
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2013-02-24</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001508493</rptOwnerCik>
            <rptOwnerName>Gentile Susan</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>See Remarks</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <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>10745</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 Issuer's board of directors, 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 Issuer's board of directors, 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>

    <remarks>The Reporting Person's title is Chief Accounting Officer and Managing Director.

Exhibit List: Exhibit 24 - Power of Attorney</remarks>

    <ownerSignature>
        <signatureName>/s/ Richard Ting, Attorney-in-fact</signatureName>
        <signatureDate>2014-03-06</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-24
<SEQUENCE>2
<FILENAME>attachment1.htm
<DESCRIPTION>EX-24 DOCUMENT
<TEXT>
<HTML>
<HEAD>
</HEAD>
<BODY>
<PRE>
                                                                      Exhibit 24

                               POWER OF ATTORNEY

      The undersigned hereby appoints Todd Molz, Richard Ting, Lisa Arakaki,
Brian Beck, Martin Boskovich, Emily Stephens, 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 5th day of March,
2014.


                                              /s/ Susan Gentile
                                              ---------------------------------
                                              Susan Gentile


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