Regulation FD

Estimated Unaudited Net Returns

The following information is being provided to investors in the alternative investment vehicles (the funds) that affiliates of Och-Ziff Capital Management Group LLC (collectively, the Company or "Oz Management") manage with respect to the estimated net returns of certain of the Companys master funds for the month ended

September30, 2017

. The following information is not necessarily indicative of the Companys anticipated financial results.

September 2017

Net Returns


September 2017


Net Returns


OZ Master Fund



OZ Asia Master Fund



OZ Europe Master Fund





Monthly net returns are based on managements estimates as of the date hereof for performance of the referenced funds from

September1, 2017


September30, 2017

. Such data may change upon completion of the Companys month-end valuation procedures, and any changes could be material.


Net return represents a composite of the average return of the feeder funds that comprise each of the referenced funds. Net return is presented on a total return basis, net of all fees and expenses (except incentive income on unrealized gains attributable to investments that the Company, as investment manager, determines lack a readily ascertainable fair value, are illiquid or otherwise should be held until the resolution of a special event or circumstance (Special Investments) that could reduce returns on such Special Investments at the time of realization) and includes the reinvestment of all dividends and other income. Performance includes realized and unrealized gains and losses attributable to Special Investments and initial public offering investments that are not allocated to all investors in the feeder funds. Investors that were not allocated Special Investments and/or initial public offering investments may experience materially different returns. The performance calculation for the OZ Master Fund excludes realized and unrealized gains and losses attributable to currency hedging specific to certain investors investing in OZ Master Fund in currencies other than the U.S. Dollar.


Year-to-date net returns are based on managements estimates as of the date hereof for the performance of the referenced funds from

January 1, 2017


September30, 2017

. Such data may change upon completion of the Companys month-end valuation procedures, and any changes could be material.

Estimated Unaudited Assets Under Management

In addition, the Company is disclosing to investors in the funds that it manages that, as of

October1, 2017

, the estimated unaudited amount of assets under management was approximately

$31.8 billion

, which reflects a net


of approximately

$0.5 billion


September1, 2017

. The Companys estimate of assets under management is inclusive of performance for the month ended

September30, 2017

and capital flows from

September2, 2017


October1, 2017


Assets under management includes assets attributable to the Companys multi-strategy, opportunistic credit, real estate and equity funds, Institutional Credit Strategies products, and other alternative investment vehicles it manages. Management fees and incentive income earned on assets under management may vary depending on the asset class, commitment period, amount of capital committed by investors, and other factors related to a particular fund.

The information in this report is being furnished, not filed, for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, pursuant to Item 7.01 of Form 8-K and will not be incorporated by reference into any filing under the Securities Act of 1933, as amended, unless specifically identified therein as being incorporated therein by reference.

Forward-Looking Statements

The information contained in this Current Report on Form 8-K may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that reflect the Companys current views with respect to, among other things, future events and financial performance. The Company generally identifies forward-looking statements by terminology such as outlook, believe, expect, potential, continue, may, will, should, could, seek, approximately, predict, intend, plan, estimate, anticipate, opportunity, comfortable, assume, remain, maintain, sustain, achieve, see, think, position or the negative version of those words or other comparable words.

Any forward-looking statements contained in this Current Report on Form 8-K are based upon historical information and on the Companys current plans, estimates and expectations. The inclusion of this or other forward-looking information should not be regarded as a representation by the Company or any other person that the future plans, estimates or expectations contemplated by the Company will be achieved.

The Company cautions that forward-looking statements are subject to numerous assumptions, estimates, risks and uncertainties, including but not limited to the following: global economic, business, market and geopolitical conditions; U.S. and foreign regulatory developments relating to, among other things, financial institutions and markets, government oversight, fiscal and tax policy; the outcome of third-party litigation involving the Company; the consequences of the Foreign Corrupt Practices Act settlements with the U.S. Securities and Exchange Commission (SEC) and the U.S. Department of Justice; conditions impacting the alternative asset management industry; the Company's ability to retain existing investor capital; the Companys ability to successfully compete for fund investors, assets, professional talent and investment opportunities; the Companys ability to retain its active executive managing directors, managing directors and other investment professionals; the Companys successful formulation and execution of its business and growth strategies; the Companys ability to appropriately manage conflicts of interest and tax and other regulatory factors relevant to the Companys business; and assumptions relating to the Companys operations, investment performance, financial results, financial condition, business prospects, growth strategy and liquidity.

If one or more of these or other risks or uncertainties materialize, or if the Companys assumptions or estimates prove to be incorrect, the Companys actual results may vary materially from those indicated in these statements. These factors are not and should not be construed as exhaustive and should be read in conjunction with the other cautionary statements and risks that are included in the Companys filings with the SEC, including but not limited to the Companys Annual Report on Form 10-K for the year ended

December31, 2016

, dated

March1, 2017

, as well as may be updated from time to time in the Company's other SEC filings. There may be additional risks, uncertainties and factors that the Company does not currently view as material or that are not known. The Company does not undertake to update any forward-looking statement, because of new information, future developments or otherwise.

This Current Report on Form 8-K does not constitute an offer of any Oz Management fund.


Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.




/s/ Alesia J. Haas

Alesia J. Haas

Chief Financial Officer and

Executive Managing Director

October3, 2017

makes a similar move, sign up!

Other recent filings from the company include the following:

Securities registration termination [Section 12(b)] - May 20, 2019
Och-Ziff Capital Management Group LLC's Chief Financial Officer just disposed of 19,531 shares - May 15, 2019
Other definitive proxy statements - May 15, 2019
Additional definitive proxy soliciting materials and Rule 14(a)(12) material - May 15, 2019
Securities to be offered to employees in employee benefit plans - May 14, 2019

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