Brookfield Asset Management‘s decision to acquire a majority stake in Oaktree Capital Management will create an asset management behemoth.
The addition of Oaktree’s $66.5 billion private credit business means the pair will be able to offer access to a wide variety of alternatives. Together, their assets under management will stand at around $475 billion.
“We view BAM and OAK as ideal partners, as the existing businesses have limited overlap
and both businesses have a value-driven, contrarian investment style with a focus on
downside protection of capital,” the pair said in a statement.
The interactive charts below paint a picture of how the two would marry together.
– This story was updated to show Brookfield reports its AUM on a gross asset value basis, including assets for which it does not earn management fees.