Brookfield Asset Management to Acquire Majority Stake in Angel Oak Companies, LP

Brookfield to Acquire Remaining 26% Stake in Oaktree for About $3 Billion

October 13, 2025

Financial Services

Brookfield Asset Management (BAM) and Brookfield Corporation (BN) have announced a proposed transaction in which Brookfield will acquire the remaining 26% interest it does not already own in Oaktree, taking Oaktree to 100% ownership. The deal is valued at about $3 billion and is expected to close in the first quarter of 2026, subject to regulatory approvals and customary closing conditions.

Brookfield Acquires 51% Stake in Castlelake's Fee-Related Earnings

September 17, 2024

Financial Services

Brookfield Asset Management has completed a strategic partnership with Castlelake L.P., acquiring a 51% interest in Castlelake's fee-related earnings while Brookfield Wealth Solutions committed to invest in Castlelake's funds and strategies, bringing total committed capital to $1.5 billion. Castlelake will continue to operate independently, retaining its leadership and majority ownership of performance-related earnings. The transaction strengthens Brookfield's asset-based private credit capabilities and provides capital to scale Castlelake's platform.

Oaktree Acquires Majority Interest in 17Capital

July 19, 2022

Financial Services

Oaktree has completed the acquisition of a majority interest in 17Capital, a London-based specialist provider of non-dilutive capital and NAV finance solutions to private equity managers and institutional investors. The deal creates a strategic partnership intended to expand 17Capital's access to Oaktree's global network while adding complementary private capital solutions to Oaktree's product set.

Clearlake Capital Acquires Majority Stake in WhiteStar Asset Management

June 24, 2020

Financial Services

Clearlake Capital Group has acquired a majority stake in WhiteStar Asset Management from Pine Brook Capital Partners, partnering with WhiteStar's management team led by CEO Gibran Mahmud. The deal expands Clearlake's credit platform—bringing combined assets under management to approximately $24 billion—and positions WhiteStar to accelerate growth in CLOs and credit strategies.

MAI Capital Management Acquires Queens Oak Advisors

December 10, 2021

Financial Services

MAI Capital Management has acquired Queens Oak Advisors, expanding MAI's presence in the Greater Charlotte, North Carolina region and adding roughly $558 million in assets under management. The acquisition brings Queens Oak’s financial planning, estate planning and asset management capabilities into MAI’s platform and moves key advisors (including Leila Evans and Deems May) into MAI leadership roles in Charlotte.

Brookfield Asset Management to Acquire Peakstone Realty Trust in a $1.2 Billion All-Cash Deal

February 2, 2026

Real Estate

Brookfield Asset Management (via a Brookfield private real estate fund) has entered into a definitive agreement to acquire all outstanding shares of Peakstone Realty Trust for $21.00 per share in cash, implying an enterprise value of approximately $1.2 billion. The transaction is expected to close by the end of Q2 2026, subject to customary conditions including shareholder approval.