Brookfield Asset Management and Angel Oak Companies announced the closing of their strategic partnership, with Brookfield acquiring a majority stake in Angel Oak. This transaction adds residential mortgage credit capabilities to Brookfield’s $332 billion credit platform.
The partnership is expected to accelerate Angel Oak’s growth and reinforces Brookfield’s strategy of combining best-in-class credit managers with its direct investment capabilities across various credit strategies. Angel Oak, founded in 2008, manages over $22 billion in assets.
Angel Oak will continue to operate its business independently, retaining its current leadership, including co-founders and Co-CEOs Sreeni Prabhu and Mike Fierman. This completion expands Brookfield's offerings in specialized mortgage and consumer products, leveraging Angel Oak's vertically integrated platform.
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