Stratrix
On the Record · Brookfield Asset Management

Brookfield Asset Management acquisitions, on the record

The businesses Brookfield Asset Management bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.

Deals its annual reports describe

BusinessDealWhenValue
Primary Wave
Word for word“These inflows were partially offset by cash outflows of $279 million related to the acquisition of Primary Wave and acquiring an additional interest in Oaktree.” 20-F for 2022
acquisition—$279 million
25% interest in our asset management business through common shares of the Asset Management Company
Word for word““ Arrangement ” means the court approved plan of arrangement of the Corporation as a result of which (i) the shareholders of the Corporation, while retaining their shares of the Corporation, became shareholders of the Manager, which acquired a 25% interest in our asset management business through common shares of the Asset Management Company, and (ii) the Corporation changed its name from “Brookfield Asset Management Inc.” to “Brookfield Corporation”;” 20-F for 2022
acquisition——
American Equity Investment Life Holding Company (AEL)
Word for word“On May 2, 2024, Brookfield Wealth Solutions (“BWS”) completed the acquisition of the remaining outstanding common stock of American Equity Investment Life Holding Company (“AEL”) that it did not already own.” 10-K for 2024
acquisitionMay 2, 2024—
Castlelake
Word for word“On September 17, 2024, we acquired a 51% stake in Castlelake’s fee-related earnings, a 7.5% stake in Castlelake's carried interest, 20% of returns from GP commitments, and 51% of GP commitments for in-market and future Castlelake funds for total cash consideration of approximately $489 million.” 10-K for 2024
acquisition—approximately $489 million
Pinegrove Ventures (SVB Capital, investment platform business of SVB Financial Group)
Word for word“On September 26, 2024, we completed our acquisition of Pinegrove Ventures (previously “SVB Capital”), the investment platform business of SVB Financial Group through Pinegrove Venture Partners (“Pinegrove”).” 10-K for 2024
acquisitionSeptember 26, 2024—
GEMS Education
Word for word““GEMS Education” means our warehoused investment in a Dubai-based international education provider, GEMS Education, acquired on July 12, 2024, as part of a Brookfield-led consortium of investors including the Asset Management Company, BSI, BWS, and certain co-investors;” 10-K for 2024
acquisitionJuly 12, 2024—
Oaktree (incremental approximately 4.5% interest)
Word for word“The decrease was due to the lower deposit balance held with BN driven by the acquisition of our incremental approximately 4.5% interest in Oaktree, our acquisition of an interest in Castlelake, as well as other strategic acquisitions made during the year.” 10-K for 2024
acquisition——
Asset Management Company (approximately 73% interest held by BN)
Word for word“On October 31, 2024, BAM and BN entered into an arrangement agreement with respect to the 2025 Arrangement, whereby on February 4, 2025, BAM acquired approximately 73% of the outstanding common shares of the Asset Management Company, from BN and certain of its subsidiaries.” 10-K for 2024
agreed acquisitionFebruary 4, 2025—
Angel Oak
Word for word“On October 2, 2025, we acquired a 51.3% economic interest in Angel Oak, a leading asset manager delivering innovative mortgage and consumer products, for total cash consideration of approximately $149 million.” 10-K for 2025
acquisitionOn October 2, 2025approximately $149 million
Oaktree
Word for word“Under the proposed terms of the transaction, BAM and BN will acquire all of the remaining common equity interests in the Oaktree business for total consideration of 16 approximately $3 billion.” 10-K for 2025
agreed acquisition—approximately $3 billion
As filedReported in the company's financial data (XBRL), each linked to its filing
Fiscal year endedCash paid for acquisitions (net of cash acquired)
2023-12-31$0
2024-12-31$0
2025-12-31−$6 million

Deal filings since 2016

Read from Brookfield Asset Management’s annual reports (10-K for 2025, 10-K for 2024, 20-F for 2022) and the financial data it files with the SEC, as of 2026-03-02. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.