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M&A / Property

Brookfield and Angel Oak Complete Strategic Partnership Transaction

By The Northwire Desk — AI Analysis Oct 02, 2025 · 06:45 BAM · 77.74 BROOKFIELD ASSET MANAGEMENT LTD. CL A LV
BAM · Price

Executive Summary

  • Brookfield Asset Management acquired a majority stake in Angel Oak Companies, creating a strategic partnership that adds residential mortgage credit capabilities to Brookfield’s $332 billion credit platform.
  • The deal positions Brookfield to expand its credit offerings across infrastructure, real estate, asset‑backed finance and corporate credit while allowing Angel Oak to continue operating independently under its current leadership.
  • Angel Oak brings a $22 billion AUM mortgage portfolio and a track record of originating >$32 billion in residential loans; the partnership is expected to accelerate growth and innovation for both firms.

Key Details

  • Brookfield purchased a majority ownership interest in Angel Oak (exact percentage not disclosed).
  • The partnership integrates Angel Oak’s residential mortgage credit capabilities into Brookfield Credit’s $332 billion global credit platform.
  • Angel Oak will remain an independent operating entity, retaining co‑CEOs Sreeni Prabhu and Mike Fierman, as well as its existing management team.
  • Angel Oak currently manages ≈$22 billion in assets across mortgage, structured credit, and financials credit.
  • Since 2008, Angel Oak has originated > $32 billion of residential mortgage loans and completed 65+ securitizations.
  • Brookfield’s Credit business focuses on a broad range of private‑credit strategies, including infrastructure, renewables, real estate, asset‑backed, and corporate credit.
  • Both companies highlighted the partnership as a means to scale integrated asset management, expand institutional relationships, and serve underserved borrower segments.

Notable Quotes

“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…” – Craig Noble, CEO, Brookfield Credit

“We are excited to formally begin our partnership with Brookfield and look forward to the value it will bring to our firm.” – Sreeni Prabhu & Mike Fierman, Co‑CEOs, Angel Oak

Read the original news release →

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