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Brookfield Asset Management to Buy Majority Stake in Angel Oak
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Brookfield Asset Management to Buy Majority Stake in Angel Oak
Apr 1, 2025 6:07 AM

08:33 AM EDT, 04/01/2025 (MT Newswires) -- Brookfield Asset Management ( BAM ) has agreed to acquire a majority stake in asset manager Angel Oak, the companies said Tuesday.

Financial terms were not provided.

Angel Oak, which manages over $18 billion in assets, will join Brookfield's credit platform but will continue to operate independently under its existing leadership, according to the joint statement.

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