Brookfield and Angel Oak Companies (“Angel Oak”), a leading asset manager specializing in innovative mortgage and consumer products, today announced the closing of their strategic partnership. Brookfield has acquired a majority stake in Angel Oak, adding residential mortgage credit capabilities to Brookfield’s $332 billion credit platform. The partnership will accelerate Angel Oak’s growth while reinforcing Brookfield’s strategy of combining best-in-class credit managers alongside its direct investment capabilities across infrastructure credit, real estate credit, asset-backed finance, and corporate credit.

In a joint statement, co-founders and Co-CEOs of Angel Oak, Sreeni Prabhu and Mike Fierman, said, “We are excited to formally begin our partnership with Brookfield and look forward to the value it will bring to our firm. With Brookfield’s global reach and proven track record of achieving robust long-term growth, we are well positioned to further scale our integrated asset management and mortgage operations. 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 said, “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, and we look forward to supporting their continued growth as they expand their institutional relationships.”

Since its founding in 2008, Angel Oak has grown into a premier alternative asset manager with over $22 billion in assets under management, serving both institutional and individual investors. The firm provides differentiated access to U.S. non-agency residential mortgages through a vertically integrated platform that combines its leading non-bank wholesale mortgage originator, Angel Oak Mortgage Solutions, with its asset management business, Angel Oak Capital Advisors. This integrated model, supported by deep market expertise, has resulted in a strong track record of delivering 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 given the growth in borrower segments that are underserved by traditional lenders.

Angel Oak will continue to operate its business independently, retaining its current leadership, including Prabhu and Fierman as Co-CEOs.