The $3 billion deal has been completed, with the Canadian fund acquiring an additional 26% stake in the US fund, which is valued at nearly Scrivi qui il sommario del tuo contenuto0 billion.
It is now official: Brookfield has completed its acquisition of Oaktree. The Canadian fund, through a deal worth approximately $3 billion, has acquired the remaining 26% of Oaktree, which remains the owner of Inter. Brookfield already held full control of Oaktree, having owned 74% of the US fund in an acquisition deal concluded today but initiated in 2019 – before Zhang’s approach for the loan used by the Nerazzurri club – and which values the entire fund at approximately Inserisci qui il tuo testo0 billion. ‘Brookfield announced today that it has completed the acquisition of Oaktree, one of the world’s leading credit managers,’ the statement read. ‘The transaction represents the next step in a partnership initiated in 2019 and fully unifies the Oaktree and Brookfield platforms. With Oaktree’s integration, Brookfield’s global credit platform will offer a wide range of solutions across opportunistic credit, real asset-backed credit, asset-backed finance, and performing corporate credit segments, targeting institutional investors, financial advisors, and private clients.’
the statement
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‘Howard Marks will serve as Co-Chairman of Oaktree, in addition to retaining his role as a board member of Brookfield Corporation and Chairman of Brookfield’s Investment Solutions Group. Bruce Karsh will also serve as Co-Chairman of Oaktree, while continuing as Chief Investment Officer and portfolio manager for the company’s Global Opportunities and Global Credit strategies,’ the statement continued. ‘With the acquisition of Oaktree, the United States becomes Brookfield Asset Management’s primary market. Today, the country hosts over 60% of the company’s employees and generates almost half of its revenues. This move further strengthens Brookfield’s long-standing presence in the United States and reaffirms its commitment to investing in the American economy. Concurrently, Oaktree’s global investment platform and its presence in 18 countries expand the international reach of Brookfield’s credit business, bolstering its capacity to serve clients and allocate capital worldwide,’ the note concluded.
What about Inter?
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This is a classic financial operation: one fund being acquired by an even larger one (Brookfield manages Inserisci qui il tuo testo trillion in assets, Oaktree $225 billion) to consolidate investments. In this regard, Inter’s management will not change, with the chain of control remaining the same. In the latest documents filed with the Municipality for the new San Siro project, the entity exercising control over the club is listed as Oaktree Capital Management, which operates as an investment manager. What does this mean? It means that Oaktree has various types of investors within it (sovereign wealth funds, pension funds, mutual funds, and other professional investors subject to supervision), but ultimately, decisions are made exclusively by Oaktree. As for the ultimate beneficial owners, the reference is to Bruce Karsh, Howard Marks, and Sheldon Stone, the founders and top executives of Oaktree, who will also sit on Brookfield’s Board of Directors. In managing the club, the fund has relied on managers that even Nerazzurri fans have come to know, particularly Katherine Ralph (Global Opportunities strategy Managing Director) and Alejandro Cano (Managing Director and Co-Head Europe for Oaktree’s Global Opportunities strategy). The Board of Directors also includes Delphine Nannan (Senior Vice President and Head of Luxembourg Affiliated Accounting and Operations at Oaktree) and Renato Meduri (Senior Vice President for Oaktree’s Global Opportunities strategy).
This article was originally written in Italian by La Gazzetta dello Sport editor. The English version has been generated using AI translation tools. If you notice any translation errors or have suggestions, please contact us at iniziativegazzetta@rcs.it
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