Brookfield Oaktree Holdings, LLC

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.

Brookfield Oaktree Holdings, LLC reported a significant turnaround in its first quarter 2026 financial results, achieving a net income of $39.26 million, or $0.27 per Class A unit, compared to a net loss in the prior year period. This improvement occurred despite a 22.14% decrease in total revenues to $111.69 million. The company's financial position strengthened with total assets growing to $7.31 billion and total unitholders' capital increasing to $2.35 billion quarter-over-quarter, though Class A unit distributions were halted for the quarter.

Brookfield Oaktree Holdings, LLC (BOH) entered into a distribution agreement with Brookfield Oaktree Holdings Canada Inc. (BOHCI) on April 20, 2026. Pursuant to this agreement, BOH distributed 100% of its equity interests in OCG NTR Holdings LLC (NTR) to BOHCI. BOHCI is an affiliate of Brookfield Corporation, which is the sole holder of BOH's Class A common units. NTR indirectly holds interests in Brookfield Real Estate Income Trust Inc.

Brookfield Oaktree Holdings, LLC and Oaktree Capital Holdings, LLC, along with various Brookfield and Oaktree affiliates, have entered into a Transaction Agreement dated April 14, 2026. This agreement details the terms for closing transactions, including an incentive earnout mechanism. The document also specifies the acquisition of Oaktree Interests and Partnership Interests, outlining covenants, conditions precedent, and tax matters related to the deal.