Brookfield to acquire a 26% stake in Oaktree for $3bn.

Brookfield, an alternative asset management company, agreed to acquire a 26% stake in Oaktree, an investment firm, for $3bn. “When we partnered with Oaktree six years ago, we joined forces with one of the world’s most respected credit investors, and the results have surpassed our expectations. Our partnership has created meaningful value for our firms. It has fueled the rapid expansion of our private credit platform, supported the growth of our Wealth Solutions business, and helped drive 75% growth in Oaktree’s assets under management. Taking this next step will allow us to broaden our credit franchise, enhance collaboration across our businesses and strengthen our ability to continue delivering long-term value for our investors,” Bruce Flatt, Brookfield CEO.