Brookfield Asset Management completes acquisition of Oaktree for $3.0 billion

What happened

On July 31, 2026, Brookfield Asset Management Ltd. (NYSE: BAM) and Brookfield Corporation completed the previously announced acquisition of Oaktree. Brookfield acquired the 26% interest in Oaktree it did not already own, giving it full ownership.

Total consideration was approximately $3.0 billion, consisting of cash and shares of Brookfield Corporation (BN) and Brookfield Asset Management (BAM). The closing was disclosed in a press release on August 3, 2026, and an 8-K filed with the SEC.

BAM shares closed at $52.63 on August 3, up 1.33% from the prior close of $51.94.

Background

Brookfield Asset Management is an alternative asset manager with over $925 billion in assets under management, known for investments in real estate, infrastructure, renewable power, private equity, and credit. Oaktree is a global investment manager specializing in credit strategies.

The filing does not explain why Brookfield pursued the acquisition, but states the transaction closed on the agreed terms.