Brookfield acquires remaining Oaktree stake for $3 billion to boost credit business

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The deal will make the U.S. the largest market for Brookfield Asset Management, with $550 billion in assets across the country, employing more than 50% of its workforce and generating about half of its revenue.
The move had allowed Brookfield to scale its private credit business and expand its wealth solutions business, which offers tailored investment strategies across public and private markets.
Founded in 1995, Oaktree specializes in distressed debt investing, and had $209 billion in assets under management as of June 30.
Including 100% of Oaktree, Brookfield Asset Management generated roughly $2.8 billion in fee-related earnings over the last twelve months.