0000929638-16-001555.txt : 20160705 0000929638-16-001555.hdr.sgml : 20160705 20160705161004 ACCESSION NUMBER: 0000929638-16-001555 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20160705 DATE AS OF CHANGE: 20160705 GROUP MEMBERS: ABRAMS CAPITAL MANAGEMENT, LLC GROUP MEMBERS: ABRAMS CAPITAL, LLC GROUP MEMBERS: DAVID ABRAMS SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: NorthStar Asset Management Group Inc. CENTRAL INDEX KEY: 0001597503 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0701 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-88234 FILM NUMBER: 161750541 BUSINESS ADDRESS: STREET 1: 399 PARK AVENUE, 18TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 212-547-2600 MAIL ADDRESS: STREET 1: 399 PARK AVENUE, 18TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: ABRAMS CAPITAL MANAGEMENT, L.P. CENTRAL INDEX KEY: 0001358706 IRS NUMBER: 204043368 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: 222 BERKELEY STREET, 21ST FLOOR CITY: BOSTON STATE: MA ZIP: 02116 BUSINESS PHONE: 617-646-6100 MAIL ADDRESS: STREET 1: 222 BERKELEY STREET, 21ST FLOOR CITY: BOSTON STATE: MA ZIP: 02116 FORMER COMPANY: FORMER CONFORMED NAME: PAMET CAPITAL MANAGEMENT, LP DATE OF NAME CHANGE: 20060407 SC 13G 1 schedule13g.htm
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 

SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*

Northstar Asset Management Group Inc.
(Name of Issuer)

Common Stock, par value $0.01 per share
(Title of Class of Securities)

 
 
66705Y104
 
 
(CUSIP Number)

June 24, 2016
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
 [  ]            Rule 13d-1(b)
 [x]            Rule 13d-1(c)
 [  ]            Rule 13d-1(d)
*            The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.  Beneficial ownership information contained herein is given as of the date listed above.
The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).


 
1
 
Names of Reporting Persons.
 
Abrams Capital, LLC
Abrams Capital Management, LLC
Abrams Capital Management, L.P.
David Abrams
 
 
2
 
Check the Appropriate Box if a Member of a Group (See Instructions)
 
 
(a)            [ ]
 
 
(b)            [ ]
 
3
 
SEC Use Only
 
4
 
Citizenship or Place of Organization.
 
Abrams Capital, LLC – Delaware
Abrams Capital Management, LLC – Delaware
Abrams Capital Management, L.P. – Delaware
David Abrams – United States
 

 
Number
of Shares
Beneficially
Owned by
Each
Reporting
Person With
 
5  Sole Voting Power
 
Abrams Capital, LLC – 0 shares
Abrams Capital Management, LLC – 0 shares
Abrams Capital Management, L.P. – 0 shares
David Abrams – 0 shares
 
6  Shared Voting Power
 
Abrams Capital, LLC – 9,764,861 shares
Abrams Capital Management, LLC – 10,309,545 shares
Abrams Capital Management, L.P. – 10,309,545 shares
David Abrams – 10,309,545 shares
 
Refer to Item 4 below.
 
7  Sole Dispositive Power
 
Abrams Capital, LLC – 0 shares
Abrams Capital Management, LLC – 0 shares
Abrams Capital Management, L.P. – 0 shares
David Abrams – 0 shares
 
8  Shared Dispositive Power
 
Abrams Capital, LLC – 9,764,861 shares
Abrams Capital Management, LLC – 10,309,545 shares
Abrams Capital Management, L.P. – 10,309,545 shares
David Abrams – 10,309,545 shares
 
Refer to Item 4 below.

 
9
 
Aggregate Amount Beneficially Owned by Each Reporting Person
 
Abrams Capital, LLC – 9,764,861 shares
Abrams Capital Management, LLC – 10,309,545 shares
Abrams Capital Management, L.P. – 10,309,545 shares
David Abrams – 10,309,545 shares
 
Refer to Item 4 below.
 
 
10
 
Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)     [ ]
 
11
 
Percent of Class Represented by Amount in Row (9)
 
Abrams Capital, LLC – 5.16%
Abrams Capital Management, LLC – 5.45%
Abrams Capital Management, L.P. – 5.45%
David Abrams – 5.45%
 
Refer to Item 4 below.
 
12
 
Type of Reporting Person (See Instructions)
 
Abrams Capital, LLC  – OO (Limited Liability Company)
Abrams Capital Management, LLC  – OO (Limited Liability Company)
Abrams Capital Management, L.P.  – OO (Limited Partnership)
David Abrams – IN

SCHEDULE 13G
Item 1
 
 

(a)
 
Name of Issuer
 
 
Northstar Asset Management Group Inc.
 
(b)
 
Address of Issuer’s Principal Executive Offices
 
 
399 Park Avenue, 18th Floor, New York, New York 10022

Item 2
 
 

(a)
 
Name of Person Filing
 
 
Abrams Capital, LLC
Abrams Capital Management, LLC
Abrams Capital Management, L.P.
David Abrams
 
(b)
 
Address of Principal Business Office or, if none, Residence
 
 
Abrams Capital, LLC
Abrams Capital Management, LLC
Abrams Capital Management, L.P.
David Abrams
c/o Abrams Capital Management, L.P.
222 Berkeley Street, 21st Floor
Boston, MA 02116
 
(c)
 
Citizenship
 
 
Abrams Capital, LLC - Delaware
Abrams Capital Management, LLC - Delaware
Abrams Capital Management, L.P. - Delaware
David Abrams  - United States
 
(d)
 
Title of Class of Securities
 
 
Common Stock, par value $0.01 per share
 
(e)
 
CUSIP Number
 
 
66705Y104
 

Item 3
 
If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
 

(a)
 
[ ]
 
Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
 
(b)
 
[ ]
 
Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
 
(c)
 
[ ]
 
Insurance Company as defined in Section 3(a)(19) of the Act;
 
(d)
 
[ ]
 
Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C 80a-8);
 
(e)
 
[ ]
 
An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
 
(f)
 
[ ]
 
An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
 
(g)
 
[ ]
 
A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
 
(h)
 
[ ]
 
A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
 
(i)
 
[ ]
 
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
 
(j)
 
[ ]
 
A non-U.S. institution in accordance with §240.13d–1(b)(1)(ii)(J);
 
(k)
 
[ ]
 
Group, in accordance with §240.13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
Item 4
 
Ownership
The percentages reported herein are calculated based upon the statement in the Issuer’s Quarterly Report on Form 10-Q, as filed with the SEC on May 10, 2016, that there were 189,058,628 shares of Common Stock of the Issuer outstanding as of May 5, 2016.

Item 4(a)
 
Amount Beneficially Owned**
 
 
Abrams Capital, LLC – 9,764,861 shares
Abrams Capital Management, LLC – 10,309,545 shares
Abrams Capital Management, L.P. – 10,309,545 shares
David Abrams – 10,309,545 shares

Item 4(b)
 
Percent of Class
 
 
Abrams Capital, LLC – 5.16%
Abrams Capital Management, LLC – 5.45%
Abrams Capital Management, L.P. – 5.45%
David Abrams – 5.45%

Item 4(c)
 
Number of shares as to which each such person has voting and dispositive power:
 
(i)
 
Abrams Capital, LLC – 0 shares
Abrams Capital Management, LLC – 0 shares
Abrams Capital Management, L.P. – 0 shares
David Abrams – 0 shares
 
(ii)
 
shared power to vote or to direct the vote
 
 
Abrams Capital, LLC – 9,764,861 shares
Abrams Capital Management, LLC – 10,309,545 shares
Abrams Capital Management, L.P. – 10,309,545 shares
David Abrams – 10,309,545 shares
 
(iii)
 
sole power to dispose or to direct the disposition of
 
 
Abrams Capital, LLC – 0 shares
Abrams Capital Management, LLC – 0 shares
Abrams Capital Management, L.P. – 0 shares
David Abrams – 0 shares
 
(iv)
 
shared power to dispose or to direct the disposition of
 
 
Abrams Capital, LLC – 9,764,861 shares
Abrams Capital Management, LLC – 10,309,545 shares
Abrams Capital Management, L.P. – 10,309,545 shares
David Abrams – 10,309,545 shares

Shares reported herein for Abrams Capital, LLC ("Abrams Capital") represent shares beneficially owned by private investment funds for which Abrams Capital serves as general partner. Shares reported herein for Abrams Capital Management, L.P. ("Abrams CM LP") and Abrams Capital Management, LLC ("Abrams CM LLC") represent the above-referenced shares beneficially owned by Abrams Capital and shares beneficially owned by another private investment fund for which Abrams CM LP serves as investment manager. Abrams CM LLC is the general partner of Abrams CM LP. Shares reported herein for Mr. Abrams represent the above referenced shares reported for Abrams Capital and Abrams CM LLC. Mr. Abrams is the managing member of Abrams Capital and Abrams CM, LLC. Each of the Reporting Persons disclaims beneficial ownership of the shares reported herein except to the extent of its or his pecuniary interest therein.

Item 5
 
Ownership of Five Percent or Less of a Class
 
 
Not applicable.
 
Item 6
 
Ownership of More than Five Percent on Behalf of Another Person
 
 
Not applicable.
 
Item 7
 
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
 
 
Not applicable.
 
Item 8
 
Identification and Classification of Members of the Group
 
 
Not applicable.
 
Item 9
 
Notice of Dissolution of Group
 
 
Not applicable.
 
Item 10
 
Certification
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.
Exhibits
 
Exhibit
 
99.1
 
Joint Filing Agreement by and among the Reporting Persons, incorporated by reference to Exhibit 99.1 to the Schedule 13G filed by the Reporting Persons with the Securities and Exchange Commission on July 5, 2016.
 


SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Date: July 5, 2016

 
ABRAMS CAPITAL, LLC
   
 
By: /s/ David Abrams
 
David Abrams, Managing Member
   
   
 
ABRAMS CAPITAL MANAGEMENT, L.P.
   
 
By: Abrams Capital Management, LLC,
 
its General Partner
   
 
By: /s/ David Abrams
 
David Abrams, Managing Member
   
   
 
ABRAMS CAPITAL MANAGEMENT, LLC
   
 
By: /s/ David Abrams
 
David Abrams, Managing Member
   
   
 
DAVID ABRAMS
   
 
By: /s/ David Abrams
 
David Abrams, individually

EX-99.1 2 exhibit991.htm
Exhibit 99.1
 
JOINT FILING AGREEMENT
This Joint Filing Agreement, dated as of July 5, 2016, is by and among Abrams Capital, LLC, Abrams Capital Management, LLC, Abrams Capital Management, L.P., and David Abrams (collectively, the "Filers"). Each of the Filers may be required to file with the United States Securities and Exchange Commission a statement on Schedule 13G and/or 13D with respect to shares of Common Stock, par value $0.01 per share, of Northstar Asset Management Group Inc. beneficially owned by them from time to time. Pursuant to and in accordance with Rule 13(d)(1)(k) promulgated under the Securities Exchange Act of 1934, as amended, the Filers hereby agree to file a single statement on Schedule 13G and/or 13D (and any amendments thereto) on behalf of each of such parties, and hereby further agree to file this Joint Filing Agreement as an exhibit to such statement, as required by such rule. This Joint Filing Agreement may be terminated by any of the Filers upon one week's prior written notice (or such lesser period of notice as the Filers may mutually agree) to the other party. Executed and delivered as of the date first above written.
 
ABRAMS CAPITAL, LLC
   
 
By: /s/ David Abrams
 
David Abrams, Managing Member
   
   
 
ABRAMS CAPITAL MANAGEMENT, L.P.
   
 
By: Abrams Capital Management, LLC,
 
its General Partner
   
 
By: /s/ David Abrams
 
David Abrams, Managing Member
   
   
 
ABRAMS CAPITAL MANAGEMENT, LLC
   
 
By: /s/ David Abrams
 
David Abrams, Managing Member
   
   
 
DAVID ABRAMS
   
 
By: /s/ David Abrams
 
David Abrams, individually