March 13, 2019

Brookfield to Acquire 62 Percent of Oaktree Capital Management

Munger, Tolles & Olson represented Oaktree Capital Group in the sale of 62 percent of its business to Brookfield Asset Management. The transaction was announced on March 13, 2019. 

According to Oaktree’s press release, both companies will continue to operate their respective businesses independently, with each remaining under its current brand and led by its existing management and investment teams. The transaction is subject to the approval of Oaktree unitholders representing at least a majority of the voting interests of Oaktree and other customary closing conditions, including certain regulatory approvals.

Oaktree Capital Group, LLC is a leader among global investment managers specializing in alternative investments, with $120 billion in assets under management as of Dec. 31, 2018. The firm emphasizes an opportunistic, value-oriented and risk-controlled approach to investments in credit, private equity, real assets and listed equities.

Led by C. David Lee, the corporate attorneys representing Oaktree include Jennifer M. Broder, Judith T. Kitano, Tyler Hilton, Lexi Peacock and Anthony J. Ramirez.