Brookfield Acquires Majority Stake in Angel Oak Companies, a Mortgage Lender Managing Over $18 Billion as Part of Private Credit Strategy

Brookfield Asset Management has agreed to acquire a majority stake in Angel Oak Companies, a mortgage lender and investor managing over $18 billion in assets. This acquisition is part of Brookfield's strategy to expand its private credit offerings. The announcement follows Brookfield's recent commitment by CEO Bruce Flatt to build new homes, indicating a broader focus on the housing market. The acquisition of Angel Oak aligns with Brookfield's objectives in the mortgage sector, as it seeks to enhance its position in alternative lending.