Brookfield has announced the completion of the acquisition of Oaktree, the American fund that owns Inter. The transaction, communicated through an official statement from the Canadian fund, marks a new stage in a partnership that began in 2019 and fully integrates the platforms of the two companies.

Thanks to the addition of Oaktree, Brookfield‘s global credit platform offers institutions, financial advisors, and private investors a wide range of solutions that span from opportunistic credit to credit secured by real assets, from asset-backed financing to performing corporate credit.

Connor Teskey, CEO of Brookfield Asset Management, stated: “Brookfield has been a leading investor in the alternative asset sector for decades and, over the past 20 years, has developed a credit business to complement its global real asset platforms. The integration of Oaktree has further strengthened our ability to invest across different market cycles and opportunities, thanks also to Oaktree’s track record of success and underwriting expertise. We intend to further leverage their solid experience and deep expertise as we continue the global growth of our credit business.”

Bob O’Leary and Armen Panossian, Co-CEOs of Brookfield’s Credit Group, said: “The partnership between Brookfield and Oaktree, consolidated over the past seven years, is based on a shared commitment to rigorous investment discipline and a long-term perspective. This new step allows us to build on these foundations and continue to deliver excellent results for our clients.”

Howard Marks will take on the role of Co-Chairman of Oaktree, while maintaining his position as a member of the Board of Directors of Brookfield Corporation and Chairman of Brookfield’s Investment Solutions Group. Bruce Karsh will also serve as Co-Chairman of Oaktree, retaining his roles as Chief Investment Officer and portfolio manager for the company’s Global Opportunities and Global Credit strategies.

With the acquisition, the United States becomes the main market for Brookfield Asset Management: the country hosts over 60% of the workforce and generates nearly half of the revenues. Oaktree’s global investment platform and its presence in 18 countries expand the reach of Brookfield’s credit activities, strengthening its ability to serve clients and deploy capital on a global scale.

Brookfield is a leading global investment company, with over $1 trillion in assets under management. The company owns and manages high-quality businesses and real assets that provide essential services and form the backbone of the global economy, investing on behalf of institutions and individuals in the infrastructure, energy, private equity, real estate, and credit sectors.

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