Brookfield’s $4.7B Oaktree deal could bolster firm for downturn

Brookfield Asset Management is already one of the largest alternative asset managers in the world. And its latest diversification play could help it during a downturn. This week, the Toronto-based giant paid $4.7 billion for a 62 percent stake in Oaktree Capital Management, which specializes in distressed debt. Oaktree has countercyclical success to Brookfield, and was one of the biggest buyers of distressed debt during the last financial crisis, the Financial Times reported. “Oaktree is […]

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