Oct. 13 at 12:42 PM
Brookfield is close to acquiring the remaining 26% stake in Oaktree Capital Management for about
$3 billion, Bloomberg reported Monday, citing people familiar with the matter.
The deal, which could be announced as soon as Monday, would give New York–based Brookfield Asset Management Ltd. and its parent Brookfield Corp. full ownership of the distressed-debt specialist.
The transaction values Oaktree at roughly
$11.5 billion and is expected to close in early 2026, adding to Brookfield’s earnings, according to the report.
Brookfield first acquired a 62% stake in Oaktree six years ago in a cash-and-stock deal worth about
$4.7 billion. Since then, Oaktree’s assets under management have grown by 75%.
The acquisition would further strengthen Brookfield’s credit business, a key growth driver in recent years.
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