Brookfield Asset Management plans to buy the last 26% of Oaktree Capital Management. This will increase its total stake to 100%. The acquisition aims to boost Brookfield’s status as a leading global credit manager. CEO Bruce Flatt spoke about the success of their six-year joint venture, which has greatly grown their private credit platform and Wealth Solutions business. The deal should close later in the year, pending regulatory approvals.
Also Read: Payslip Unveils “Payslip Alpha,” First AI Suite for Global Payroll
The acquisition highlights Brookfield’s efforts to enhance its credit capacity and take advantage of opportunities in the credit space. With the complete integration of Oaktree, Brookfield looks to create more growth and value for its stakeholders. The acquisition is set to enhance Brookfield’s market-leading credit platform as it aligns with its strategic vision in the financial services business.