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 investors aim to make big allocations to fewer firms with a wide range of products.