Brookfield Oaktree Holdings, LLC (OAK-PA) is a global alternative investment management firm specializing in credit, real assets, private equity, and listed equities. The company focuses on an opportunistic, value-oriented, and risk-controlled approach to investments, aiming to deliver superior returns while maintaining integrity. OAK-PA generates revenue through investment management activities, including interest and dividend income, incentive income, and investment gains.
- Interest and Dividend Income - Generates revenue from interest and dividends earned on investments, representing a significant portion of the company's income.
- Incentive Income - Earns performance-based fees tied to the success of managed funds across credit, private equity, real assets, and listed equities.
- Investment Income (Loss) - Includes realized and unrealized gains or losses on investments, contributing to overall revenue variability.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Bruce A. Karsh ExecutiveBoard | Co-Chairman, Chief Investment Officer, and Director | Trustee Emeritus of Duke University; Member of the investment committee of the Broad Foundations. | Co-founder of Oaktree in 1995, oversees Global Opportunities, Value Opportunities, and Global Credit strategies. Extensive expertise in distressed debt and high-yield bonds. | |
John B. Frank ExecutiveBoard | Vice Chairman and Director | Chair of Oaktree Specialty Lending; Member of the Audit Committee at Chevron Corporation; Member of the Audit and Compensation Committee at Daily Journal Corporation; Trustee of Wesleyan University, The James Irvine Foundation, and the XPRIZE Foundation. | Joined Oaktree in 2001 as General Counsel, later became Managing Principal (2006–2015). Currently Vice Chairman, overseeing governance and operations. | |
Daniel D. Levin Executive | Chief Financial Officer and Secretary | None. | Joined Oaktree in 2011. Previously Head of Corporate Finance and Chief Product Officer. Extensive experience in corporate finance and investment banking. | |
Nicholas H. Goodman Executive | Chief Executive Officer | President and CFO of Brookfield Corporation; Member of the Institute of Chartered Accountants of Scotland. | Appointed CEO of Oaktree in March 2024. Previously held leadership roles at Brookfield Corporation, overseeing global finance, tax, treasury, and capital markets. | |
Bruce Flatt Board | Director | CEO of Brookfield Asset Management and Brookfield Corporation. | Director since 2019. CEO of Brookfield Asset Management, overseeing global operations in more than 30 countries. | |
Depelsha T. McGruder Board | Director | COO and Treasurer of the Ford Foundation; Founder and President of Moms of Black Boys United and M.O.B.B. United for Social Change. | Director since 2021. Extensive experience in media and nonprofit leadership, including roles at Ford Foundation, NYPR, and Viacom. | |
Howard S. Marks Board | Co-Chairman and Director | Emeritus Trustee and Chair of the Investment Committee at the Metropolitan Museum of Art; Member of the Investment Committee at the Royal Drawing School; Professor of Practice at King’s Business School; Member of Shanghai International Financial Advisory Council; Advisory Board Member at Duke Kunshan University; Emeritus Trustee at the University of Pennsylvania. | Co-founder of Oaktree in 1995, responsible for ensuring adherence to the firm's investment philosophy and contributing to strategic decisions. Over 40 years of investment experience. | |
Justin B. Beber Board | Director | Chief Administrative Officer and General Counsel for Brookfield Asset Management Ltd.; Head of Corporate Strategy and Chief Legal Officer for Brookfield Asset Management; Head of Strategic Initiatives for Brookfield’s Infrastructure Group; Chief Investment Officer for Brookfield’s water infrastructure business. | Director since 2019. Provides strategic advice and legal oversight globally for Brookfield Asset Management. | |
Mansco Perry Board | Director | Member of the Investment Committee of Lawrence University; previously Treasurer of the Council of Institutional Investors. | Director since 2023. Former Executive Director and CIO of the Minnesota State Board of Investment. Extensive experience in public fund investment management. | |
Marna C. Whittington Board | Director | Director at Ocugen and Phillips 66. | Director since 2012. Former CEO of Allianz Global Investors Capital and COO of Morgan Stanley Investment Management. Extensive experience in finance and investment management. | |
Sheldon M. Stone Board | Director | Trustee of the Colonial Williamsburg Foundation; Adjunct Professor at the University of Southern California; Member of the Investment Committee for Bowdoin College; Board of Overseers at Columbia University. | Co-founder of Oaktree in 1995. Head of Oaktree’s high-yield bond area and co-portfolio manager for U.S. and Global High Yield Bond strategies. Over 35 years of experience in fixed income markets. | |
Steven J. Gilbert Board | Director | Founder and Chairman of Gilbert Global Equity Partners; Vice Chairman of the Executive Board of MidOcean Equity Partners; Chairman of TRI Pointe Homes, Inc.; Independent Director at Empire State Realty Trust, MBIA Inc., and Fairholme Funds, Inc.. | Director since 2016. Extensive experience in investment and finance, having served on the boards of more than 25 companies. |
Research analysts covering Brookfield Oaktree Holdings.
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Brookfield REIT Entities | 2023 | Oaktree Capital Group acquired 100% interests in the REIT Entities (BUSI II GP‑C LLC, BUSI II‑C L.P., BUSI II SLP‑GP LLC, and Brookfield REIT OP Special Limited Partner L.P.) through its subsidiary NTR Holdings, LLC with an initial purchase price of $307.0 million plus a true‑up payment of $13.9 million, completed on June 30, 2023. The deal provides ownership of Class I and Class E common shares in Brookfield REIT, includes additional funding rights up to $200.0 million, and features indemnification by BP US REIT LLC against third‑party claims. |
17Capital | 2022 | Oaktree Capital Group secured a majority interest in 17Capital on July 15, 2022, a London‑based investment management firm that specializes in financing private equity management companies and institutional investors; post‑acquisition, 100% of the AUM managed by 17Capital LLP and its affiliates is included in Oaktree’s overall calculations. |
Recent press releases and 8-K filings for OAK-PA.
- Brookfield will acquire the remaining 26% interest in Oaktree that it does not already own for approximately $3 billion.
- The proposed transaction is expected to close in the first quarter of 2026, subject to regulatory approvals, and is anticipated to be accretive to both Brookfield Asset Management Ltd. (BAM) and Brookfield Corporation (BN).
- Oaktree common equity holders have the option to elect consideration in cash, BAM shares, or BN shares, with shares subject to two-year and five-year lock-ups, respectively.
- Howard Marks and Bruce Karsh will continue in senior roles at Oaktree, and Robert O'Leary and Armen Panossian will become Co-CEOs of Brookfield's credit business.