Brookfield completes acquisition of Oaktree

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

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

The U.S. becomes Brookfield Asset Management’s largest market, hosting over 60% of staff and nearly half of revenue.

Howard Marks, a Brookfield director, will serve as Oaktree co-chair; Bruce Karsh will also be co-chair and remain chief investment officer.

Oaktree’s presence in 18 countries broadens Brookfield’s credit distribution and capital deployment reach.