Brookfield Asset Management Buying Majority Stake in Asset Manager Angel Oak

Dow Jones
2025/04/01
 

By Robb M. Stewart

 

Brookfield Asset Management is buying a majority ownership stake in asset manager Angel Oak, part of its efforts to partner with credit managers alongside its direct investment platform.

Angel Oak, an asset manager offering mortgage and consumer products, will join Brookfield's $317 billion credit business and the firm's origination and investment capabilities will complement Brookfield's overall credit offering, the New York-based asset manager said Tuesday.

The value of the transaction wasn't disclosed. Brookfield said Angel Oak will continue to operate its business independently and will retain its current leadership, with co-founders Sreeni Prabhu and Mike Fierman remaining co-Chief Executives.

Angel Oak, founded in 2008, is an alternative asset manager with more than $18 billion in assets under management, serving both institutional and individual investors. The firm provides access to U.S. non-agency residential mortgages through a platform that combines its leading wholesale mortgage originator, Angel Oak Mortgage Solutions, and an asset management business, Angel Oak Capital Advisors.

 

Write to Robb M. Stewart at robb.stewart@wsj.com

 

(END) Dow Jones Newswires

April 01, 2025 08:44 ET (12:44 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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