Brookfield to Acquire Remaining 26% of Oaktree in $3 Billion Deal

Overview

• Brookfield said it will purchase the 26% of Oaktree Capital Management it does not own for about $3 billion.
• Funding will be split between Brookfield Asset Management at roughly $1.6 billion and its parent company at about $1.4 billion.
• The companies expect the transaction to close in the first quarter of 2026.
• The deal will make the United States Brookfield Asset Management’s largest market with roughly $550 billion in assets and about half of revenue generated there.
• Howard Marks will remain on Brookfield’s board, Bruce Karsh will join Brookfield Asset Management’s board, and Oaktree co-CEOs Robert O’Leary and Armen Panossian will become co-CEOs of Brookfield’s credit business.