Brookfield has announced plans to acquire the remaining 26% interest in Oaktree, a premier credit manager. The proposed transaction will see Brookfield owning 100% of Oaktree, further strengthening its market-leading and broad-based credit platform.
Since partnering with Oaktree six years ago, the firms have seen significant growth, with Oaktree's assets under management growing by 75%. Including 100% of Oaktree, Brookfield generated approximately $2.8 billion of fee-related earnings over the last twelve months, solidifying its position as one of the world's leading alternative asset managers.
The transaction, expected to close in the first quarter of 2026, is valued at approximately $3 billion. Brookfield Asset Management Ltd. ("BAM") and Brookfield Corporation ("BN") will acquire all of the remaining common equity interests in Oaktree. The consideration will be in the form of cash, shares of BAM, or shares of BN.
The acquisition is expected to be accretive to both BAM and BN and will bolster BN's distributable earnings by providing increased participation in the net carried interest earned from Oaktree funds and its balance sheet investments.
Furthermore, the transaction will establish the U.S. as BAM's largest and most significant market, where it manages over $550 billion of critical assets and services. Upon completion, more than 50% of BAM's employees will be based in the U.S., and approximately 50% of revenue will be generated there.
Brookfield will fund approximately $1.6 billion, and BN will fund approximately $1.4 billion of the $3 billion purchase price, reflecting their proportional ownership of Oaktree today.
The transaction will not result in any material changes to the operations or strategic plans of BAM or BN.
This acquisition solidifies Brookfield's position as a leading global investment firm focused on building long-term wealth for institutions and individuals around the world, with a track record of delivering 15%+ annualized returns to shareholders for over 30 years. Following these announcements, the company's shares moved 3.45%, and are now trading at a price of $56.96. Check out the company's full 8-K submission here.
