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Posted on: March 13, 2019, 3:06 p.m.
Brookfield will acquire a 62 percent stake in the distressed debt specialist for about $4.7 billion. : (Bloomberg)—Brookfield Asset Management agreed to buy a majority stake in Oaktree Capital, a combination that would create one of the world’s largest alternative money managers. Brookfield will acquire a 62 percent stake in Oaktree in a cash and stock deal worth roughly $4.7 billion, the companies said Wednesday in a statement. As the private equity industry gathers near record sums of assets, institutional ... Full investment news articleRelevent to this post: Ares Management LLC Oaktree Capital Management,