Brookfield acquires majority interest in Angel Oak

Executive Summary

• Brookfield Asset Management acquired a majority stake in Angel Oak Capital Advisors, creating a strategic partnership that adds residential mortgage credit capabilities to Brookfield’s $332 billion credit platform.
• The transaction allows Angel Oak to continue operating independently under its current leadership while leveraging Brookfield’s global reach and capital resources to accelerate growth.
• Combined assets under management now exceed $354 billion, positioning the partnership to expand client access to non‑agency residential mortgage credit and pursue new investment opportunities across infrastructure, real estate, asset‑backed, and corporate credit.

Key Details

• Brookfield purchased a majority ownership interest in Angel Oak; exact percentage and purchase price were not disclosed.
• Angel Oak’s AUM: ~$22 billion, with a track record of originating >$32 billion in residential mortgage loans and issuing over 65 securitizations.
• Brookfield Credit’s AUM: ≈ $332 billion (as of Aug. 6, 2025).
• Post‑transaction, Angel Oak will retain its current leadership team—co‑founders and co‑CEOs Sreeni Prabhu and Mike Fierman—and continue to operate independently.
• The partnership is expected to accelerate Angel Oak’s growth, expand institutional relationships, and enhance Brookfield’s credit platform with best‑in‑class mortgage and consumer product asset management capabilities.
• Joint statements highlight the strategic fit: Angel Oak gains global reach and capital support; Brookfield adds a vertically integrated residential mortgage platform (Angel Oak Mortgage Solutions + Angel Oak Capital Advisors).

Notable Quotes

Sreeni Prabhu & Mike Fierman, Co‑CEOs of Angel Oak: “We are excited to formally begin our partnership with Brookfield… This partnership opens new opportunities for growth and innovation as we continue to expand client access to residential mortgage credit.”

Craig Noble, CEO of Brookfield Credit: “We're pleased to be partnering with Angel Oak, who is a best‑in‑class mortgage and consumer product asset manager. Their strong origination and differentiated investment capabilities complement our broader credit strategy…”