Why did Brookfield Asset Management (NYSE:BAM) acquire the rest of Oaktree?

Brookfield Asset Management (NYSE:BAM) acquired the remaining Oaktree interest to combine both firms’ credit operations into one platform. Brookfield said the transaction expands its underwriting capabilities and range of credit products.

What is the size of Brookfield Asset Management (NYSE:BAM)’s combined credit platform?

Brookfield Asset Management (NYSE:BAM) now operates a global credit platform managing approximately $365 billion. It includes opportunistic credit, real asset credit, asset-backed finance and performing corporate credit.

How much did Brookfield Asset Management (NYSE:BAM) pay for Oaktree?

Brookfield Asset Management (NYSE:BAM) and Brookfield Corporation agreed to pay approximately $3 billion for the remaining 26% of Oaktree. BAM was expected to fund about $1.6 billion of the total purchase price.

What does the Oaktree acquisition mean for Brookfield Asset Management (NYSE:BAM)’s US business?

Brookfield Asset Management (NYSE:BAM) said the United States is now its largest market, housing over 60% of employees and producing nearly half of revenue. The company said the acquisition further expands its presence in the country.

How will Oaktree be managed under Brookfield Asset Management (NYSE:BAM)?

Brookfield Asset Management (NYSE:BAM) said Howard Marks and Bruce Karsh will serve as Oaktree’s co-chairs. Marks will also chair Brookfield’s Investment Solutions Group, while Karsh remains Oaktree’s chief investment officer.

Image for illustrative purposes only. Not a real photo.

Brookfield completes $365 billion Oaktree credit combination

Written by Heidi Cuthbert Published Aug 3, 2026, 11:27 AM

Brookfield completed its Oaktree acquisition, creating a combined global credit platform managing about $365 billion.
Brookfield shares were up 0.95% at $48.40 in premarket trading after the announcement.
Brookfield said the combination expands its credit products and strengthens its ability to invest across different market cycles.

Brookfield Asset Management (NYSE:BAM) completed its Oaktree acquisition, combining both credit platforms into a $365 billion global franchise.

The completion follows Brookfield’s October 2025 agreement to acquire Oaktree’s remaining 26% interest for approximately $3 billion.

“We look forward to building on their strong track record and deep expertise,” said Brookfield Asset Management CEO Connor Teskey.

Howard Marks and Bruce Karsh will co-chair Oaktree, while the United States now generates nearly half of Brookfield’s revenue.

Following the announcement, Brookfield Asset Management's share price was up 0.95% at $48.40 in premarket trading.

Brookfield said the platform now covers opportunistic, real asset, asset-backed and performing corporate credit for institutional and individual clients.

Brookfield manages more than $1 trillion across infrastructure, energy, private equity, real estate and credit in over 30 countries.

Brookfield completes $365 billion Oaktree credit combination

Frequently asked questions

Assets related to this article