February 14, 2013 / 1:50 PM / 5 years ago

CORRECTED-Oaktree adjusted profit rises 187 percent

(Corrects percentage figure in the headline to 187 from 186. Corrects paragraph 2 to say adjusted net income was 220.4 million, not 220.3 million, and year-ago figure was $76.7 million, not $77 million)

Feb 14 (Reuters) - Private equity firm Oaktree Capital Group reported a higher adjusted quarterly profit as its investment income grew.

Oaktree’s adjusted net income rose to $220.4 million, or $1.36 per Class A share, from $76.7 million, or 33 cents per share, a year earlier. (Reporting by Tanya Agrawal in Bangalore)

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