Brookfield Asset Management to buy 62 percent of Oaktree Capital
Brookfield Asset Management Inc said March 13 that it agreed to buy 62 percent of Oaktree Capital Group LLC. Press reports valued the deal at $4.8 billion. The two firms will have about $475 billion of assets under management and $2.5 billion of annual fee-related revenues. Both Brookfield and Oaktree will continue to operate independently. Howard Marks will continue as co-chairman of Oaktree and is also joining Brookfield’s board.
13 March 2019•6 mins read
