PortandTerminal.com, March 17, 2019
New York – Brookfield Asset Management and Oaktree Capital Group announced in a press release this week an agreement whereby Brookfield will acquire approximately 62% of the Oaktree business. The deal is valued at around $4.7 billion.
The two companies together will have approximately $475 billion of assets under management and $2.5 billion of annual fee-related revenues, making this one of the leading alternative asset managers, with one of the most comprehensive suites of alternative investment products for investors worldwide.
Brookfield Asset Management
Brookfield Asset Management Inc. is a leading global alternative asset manager with over $350 billion in assets under management. The company owns and operates port, rail and toll road assets moving freight, bulk commodities and passengers across five continents.
Oaktree Capital Group
Oaktree Capital Group, LLC is a leader among global investment managers specializing in alternative investments, with $120 billion in assets under management as of December 31, 2018.
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