M&A
confidence high
sentiment positive
materiality 0.75
Brookfield Asset Management to acquire majority stake in Angel Oak Companies
Brookfield Asset Management Ltd.
- Brookfield to acquire majority ownership stake in Angel Oak, a residential mortgage credit manager with over $18B AUM.
- Angel Oak joins Brookfield's $317B credit business, complementing its direct investment platform.
- Angel Oak will retain current leadership, including co-CEOs Sreeni Prabhu and Mike Fierman.
- Partnership aims to scale Angel Oak's integrated origination and asset management platform.
- Angel Oak originated $30B+ in residential mortgage loans and issued over 60 securitizations in past decade.