Alexander Blostein

Cherilyn Radbourne

Mario Saric

Kenneth Worthington

Ben Rubin

Brian Bedell

Craig Siegenthaler

Daniel Fannon

Michael Brown

Michael Cyprys

Robert Kwan

Barron Thomas

Bart Dziarski

Crispin Love

Dean Wilkinson

Jaeme Gloyn

Ken Worthington

Nikolaus Priebe

Ritwik Roy

Sohrab Movahedi

Vikram Gandhi

- **Brookfield Asset Management Ltd. (BAM)** and Brookfield Corporation (BN) have agreed to acquire the remaining **26% interest in Oaktree** for approximately **$3 billion**, which will result in Brookfield owning 100% of Oaktree.  **[1937926_0001104659-25-099051_tm2528649d1_ex99-1.htm:1]** **[1937926_0001104659-25-099051_tm2528649d1_8k.htm:2]** 
- BAM will fund approximately **$1.6 billion** and BN will fund approximately **$1.4 billion** of the purchase price.  **[1937926_0001104659-25-099051_tm2528649d1_8k.htm:2]** **[1937926_0001104659-25-099051_tm2528649d1_ex99-1.htm:2]** 
- The transaction is expected to **close in the first quarter of 2026**, subject to regulatory approvals and customary closing conditions.  **[1937926_0001104659-25-099051_tm2528649d1_8k.htm:2]** **[1937926_0001104659-25-099051_tm2528649d1_ex99-1.htm:2]** 
- This acquisition is anticipated to be **accretive to both BAM and BN**, further strengthening Brookfield's credit platform and establishing the U.S. as BAM's largest market.  **[1937926_0001104659-25-099051_tm2528649d1_ex99-1.htm:1]** **[1937926_0001104659-25-099051_tm2528649d1_ex99-1.htm:2]**

Brookfield to Acquire Remaining Interest in Oaktree

- Brookfield Asset Management Ltd. (BAM) and Brookfield Corporation (BN) will acquire the remaining **26% interest** in Oaktree that they do not already own, leading to **100% ownership**.  **[1937926_f38fdf87bb584a5695cc0af1fbeef003_0]** 
- The total consideration for the acquisition is approximately **$3 billion**, with BAM funding approximately **$1.6 billion** and BN funding approximately **$1.4 billion**.  **[1937926_f38fdf87bb584a5695cc0af1fbeef003_0]** **[1937926_f38fdf87bb584a5695cc0af1fbeef003_1]**  Oaktree common equity holders will have the option to elect cash, BAM shares, or BN shares as consideration.  **[1937926_f38fdf87bb584a5695cc0af1fbeef003_0]** 
- The transaction is expected to close in the **first quarter of 2026**, subject to regulatory approvals, and is anticipated to be **accretive to both BAM and BN**.  **[1937926_f38fdf87bb584a5695cc0af1fbeef003_1]** 
- Upon completion, the U.S. will become BAM's largest and most significant market, managing over **$550 billion of assets** and generating approximately **50% of its revenue** there.  **[1937926_f38fdf87bb584a5695cc0af1fbeef003_1]** 
- Howard Marks will remain on the BN Board, and Bruce Karsh is intended to join the BAM Board; Robert O’Leary and Armen Panossian, Co-CEOs of Oaktree, will also become Co-CEOs of Brookfield’s credit business.  **[1937926_f38fdf87bb584a5695cc0af1fbeef003_1]**

- Brookfield Asset Management announced the **first closing** of its Brookfield Infrastructure Debt Fund IV (BID IV), raising over **$4 billion**.  **[1937926_8d29e9f291bc48b9a28003a5312b82f7_0]** 
- The fund targets **high yield debt investments** for infrastructure assets and businesses backed by regulated, contracted, or concession-based cash flows.  **[1937926_8d29e9f291bc48b9a28003a5312b82f7_0]** 
- Brookfield's Infrastructure Credit platform deployed over **$4 billion** in capital in **2024**, including recent investments in renewable power and data infrastructure.  **[1937926_8d29e9f291bc48b9a28003a5312b82f7_0]** 
- The previous vintage, BID III, closed with **$6 billion** in capital commitments in **2023**, making it the world's largest private infrastructure debt fund at that time.  **[1937926_8d29e9f291bc48b9a28003a5312b82f7_0]**

Brookfield Asset Management Announces First Close of Infrastructure Debt Fund IV

- Brookfield Asset Management aims to **double its size** in less than five years, targeting up to **20% compound earnings** growth year-over-year, not just in the near term but longer term as well.  **[1937926_2137147_1]** 
- The company **exceeded its previous five-year plan**, growing fee-bearing capital to **$563 billion** (outperforming by 200 basis points) and fee-related earnings to **$2.7 billion**.  **[1937926_2137147_7]** 
- Future growth is expected to be driven by scaling existing flagship products, launching new complementary strategies (such as an **AI infrastructure fund**), expanding strategic partnerships, and significantly increasing its reach to individual investors through wealth solutions.  **[1937926_2137147_1]** **[1937926_2137147_2]** **[1937926_2137147_3]** **[1937926_2137147_4]** **[1937926_2137147_5]** **[1937926_2137147_9]** **[1937926_2137147_13]** 
- The company projects to grow its fee-bearing capital to **$1.2 trillion**, with an anticipated **16% growth rate** for the business, **17% growth** in fee-related earnings to **$3.59 per share**, and **18% growth** in distributable earnings.  **[1937926_2137147_10]**

Brookfield Asset Management Outlines Five-Year Growth Plan and Exceeds Prior Targets

- Sumitomo Corporation, SMBC Aviation Capital, Apollo, and **Brookfield** have entered into a definitive agreement to acquire **Air Lease Corporation** in an all-cash transaction.  **[1937926_bfa101f564da47cd90cbaf763f847fa1_0]** 
- Air Lease common shareholders will receive **$65.00 per share in cash**, valuing the company at approximately **$7.4 billion** in total, or approximately **$28.2 billion** including assumed or refinanced liabilities.  **[1937926_bfa101f564da47cd90cbaf763f847fa1_0]** 
- **Brookfield** and Apollo will provide capital to support the acquisition, which is anticipated to close in the **first half of 2026**.  **[1937926_bfa101f564da47cd90cbaf763f847fa1_0]** **[1937926_bfa101f564da47cd90cbaf763f847fa1_2]**

Brookfield Joins Consortium to Acquire Air Lease Corporation

Brookfield Asset Management (BAM)