Brookfield Oaktree Completes Acquisition of Oaktree Entities
Brookfield Oaktree Holdings, LLC completed the acquisition of Oaktree Capital Group Holdings, L.P., Oaktree Equity Plan, L.P., and Oaktree Equity Plan II, L.P. on July 31, 2026. The transaction involved various forms of consideration including cash, Brookfield Asset Management Ltd. shares, Brookfield Corporation shares, ExchangeCo interests, and BAM restricted stock units. Concurrently, Brookfield US Company LLC acquired interests in Oaktree Capital I GP, LLC. As a result of these transactions, the board of directors of Brookfield Oaktree Holdings was reduced from 10 to 5 members, with 10 directors resigning and 5 new directors appointed. Matt Herrington was appointed CEO and Karly Dyck as CFO and Secretary.
Key Highlights
- Acquisition of Oaktree Capital Group Holdings, Oaktree Equity Plan, and Oaktree Equity Plan II completed on July 31, 2026.
- Consideration included cash, BAM Class A shares, BN Class A shares, ExchangeCo interests, and BAM RSUs.
- Brookfield US Company LLC acquired interests in Oaktree Capital I GP, LLC from OCH.
- Board of Directors of Brookfield Oaktree Holdings reduced from 10 to 5 members.
- 10 directors, including Howard S. Marks and Bruce A. Karsh, resigned from the Board.
- Matt Herrington, Karly Dyck, Kunal Dusad, Brett Fox, and Aleks Novakovic appointed as new directors.
- Matt Herrington appointed Chief Executive Officer of Brookfield Oaktree Holdings.
- Karly Dyck appointed Chief Financial Officer and Secretary of Brookfield Oaktree Holdings.
Price Impact
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