Brookfield Asset Management completes acquisition of Oaktree

Brookfield Asset Management completed its acquisition of credit manager Oaktree, fully combining platforms in a partnership that began in 2019.

The deal expands Brookfield’s global credit platform to $365 billion, spanning opportunistic credit, asset-backed finance, real asset credit, and corporate performing credit.

The U.S. becomes Brookfield’s largest market, hosting over 60% of its employees and generating nearly half of revenue.

Howard Marks will serve as Oaktree co-chair, alongside Bruce Karsh, who remains chief investment officer.