other material
confidence high
sentiment positive
materiality 0.55
Oaktree Asset-Backed Finance Fund closes inaugural raise at $2 billion
Brookfield Asset Management Ltd.
- Oaktree's ABF I final close reached $2 billion of commitments across the Fund and related investment vehicles, hitting its target fundraise.
- Investors included U.S. public pension plans and sovereign wealth funds, which Brookfield cited as evidence of strong institutional demand.
- Oaktree's broader ABF platform has invested more than $19 billion with relationships across hundreds of third-party originators.
- Brookfield's asset-based finance platform totals more than $60B, spanning specialty finance, residential non-qualified mortgages, aviation lending and music royalties.
- Brendan Beer, Oaktree Managing Director and Portfolio Manager, said the Brookfield partnership 'supercharged' proprietary sourcing; Brookfield-Oaktree ties date to 2019.