In October 2025, Brookfield announced it would acquire the remaining 26% of Oaktree for roughly $3 billion, valuing the firm at about $11.5 billion . The purchase was split between Brookfield Asset Management (approximately $1.6 billion) and its parent company, Brookfield Corporation (approximately $1.4 billion) . The transaction closed on August 3, 2026, making Oaktree a wholly owned subsidiary of Brookfield .
Brookfield noted that since the initial 2019 investment, Oaktree’s assets under management had grown by 75% .
With full ownership, Brookfield’s global credit platform now stands at $365 billion in assets under management, combining Oaktree’s distressed-debt and opportunistic credit expertise with Brookfield’s scale . The deal deepens Brookfield’s presence in private credit, one of its fastest-growing divisions .
Brookfield and Oaktree announced the following leadership roles for the combined entity :
The acquisition makes the U.S. Brookfield Asset Management’s largest market :
Oaktree also indirectly brings ownership of Inter Milan (the Italian soccer club), which Oaktree took control of in May 2024 after a loan default by the club’s previous owners .