Oaktree Capital Group, LLC (NYSE: OAK) today reported its unaudited financial results for the quarter ended June 30, 2012. For the second quarter of 2012, adjusted net income (“ANI”) was $165.5 million on segment revenues of $341.1 million, as compared with ANI of $141.0 million on segment revenues of $300.3 million for the second quarter of 2011. Management fees, incentive income and investment income each rose as compared with the year-earlier quarter. Management fees produced fee-related earnings of $82.2 million, which together with net incentive income and receipts of investment income contributed to the quarter’s distributable earnings of $176.4 million and resulted in the declaration of a distribution of $0.79 per Class A unit. Howard Marks, Chairman, said, “I am very pleased with our initial quarter as a public company. I feel we continued to demonstrate the same focus on delivering superior returns and service to our clients as has been our priority since Oaktree’s founding. The benefits of that focus were evident in the quarter’s strong fundraising, profitable fund realizations and overall market-value gains during a down quarter for equity markets. Equally important were the strides we took in enhancing our global platform and developing additional investment strategies for our clients.” In addition to ANI, Oaktree calculates economic net income (“ENI”) to facilitate comparability with other alternative asset managers that use ENI as their profit measure. Unlike ANI, ENI measures incentive income based on current market values, not realizations. ENI for the second quarter of 2012 was $103.6 million. GAAP-basis results for the quarter ended June 30, 2012 included net income attributable to Oaktree Capital Group, LLC of $24.7 million. In May, Oaktree conducted its second closing for Oaktree Opportunities Fund IX, L.P. (“Opps IX”), a distressed debt closed-end fund. As of June 30, 2012, Opps IX had total capital commitments of $4.6 billion, with an additional $300 million in pending commitments. Opps IX is not anticipated to commence its investment period - and therefore start generating management fees or be included in management fee-generating assets under management - before January 2013. Aggregate uncalled capital commitments across all Oaktree funds were $13.7 billion as of June 30, 2012.