 "Brookfield to buy remaining stake in Oaktree for nearly $3 billion")
Investment firm Brookfield said on Monday it would buy the remaining 26% stake in Oaktree Capital Management, a manager of distressed debt assets, for about $3 billion.
Under the terms of the deal, Brookfield Asset Management and its parent Brookfield will fund roughly $1.6 billion and $1.4 billion of the purchase price, respectively.
Brookfield had bought most of Oaktree for roughly $5 billion in 2019, creating an alternative asset manager juggernaut to compete against heavyweights such as Blackstone.
The deal is expected to close in the first quarter of 2026.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%