Brookfield and Angel Oak Companies (“Angel Oak”), a leading asset manager known for its innovative mortgage and consumer products, have officially finalized their strategic partnership. As part of the agreement, Brookfield has acquired a majority stake in Angel Oak, integrating residential mortgage credit capabilities into Brookfield’s expansive $332 billion credit platform.. The partnership is designed to accelerate Angel Oak’s growth while reinforcing Brookfield’s strategy of combining top-tier credit managers with its direct investment capabilities across infrastructure credit, real estate credit, asset-backed finance, and corporate credit.
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In a joint statement, Angel Oak Co-CEOs and co-founders Sreeni Prabhu and Mike Fierman expressed their enthusiasm about the collaboration. “We are excited to formally begin our partnership with Brookfield and look forward to the value it will bring to our firm,” they said. “With Brookfield’s global reach and proven track record of long-term growth, we are well positioned to further scale our integrated asset management and mortgage operations. This partnership opens new opportunities for innovation as we continue expanding client access to residential mortgage credit.”
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Craig Noble, CEO of Brookfield Credit, echoed this optimism. “We’re pleased to be partnering with Angel Oak, a best-in-class mortgage and consumer product asset manager,” he said. “Their strong origination capabilities and differentiated investment strategies complement our broader credit approach. We look forward to supporting their continued growth as they deepen institutional relationships and expand their reach.”
Founded in 2008, Angel Oak has emerged as a premier alternative asset manager, currently overseeing more than $22 billion in assets under management. The firm provides distinctive access to U.S. non-agency residential mortgages through a vertically integrated model that combines Angel Oak Mortgage Solutions, a leading non-bank wholesale mortgage originator, with Angel Oak Capital Advisors, its asset management business. This integrated approach, underpinned by deep market expertise, has delivered a strong track record of high-quality credit investments. Over the past decade, Angel Oak has originated more than $32 billion in residential mortgage loans and issued over 65 securitizations a pace expected to accelerate as borrower segments underserved by traditional lenders continue to grow.
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Importantly, Angel Oak will continue to operate independently, retaining its existing leadership team, including Prabhu and Fierman as Co-CEOs, ensuring continuity as the firm enters this new phase of growth alongside Brookfield.
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