Brookfield Announces Final Close of Oaktree's Asset-Backed Finance Fund at $2 Billion

Event Summary

On October 1, 2026, Brookfield Asset Management Ltd. filed a Form 8-K under Item 8.01 to announce the final close of Oaktree's inaugural Asset-Backed Finance Fund ("ABF I"). The fund reached its fundraising target with $2.0 billion in total commitments across the fund and associated investment vehicles.

Key Highlights

• Fund Details: Oaktree Asset-Backed Finance Fund ("ABF I") closed at $2 billion, backed by institutional investors globally, including sovereign wealth funds and U.S. public pension plans.
• Investment Mandate: Focuses on flexible credit solutions to originators in equipment leasing, transportation, consumer finance, digital infrastructure, and real estate.
• Platform Context: ABF I builds upon Oaktree's broader asset-backed finance franchise, which has deployed over $19 billion. Brookfield manages over $60 billion in asset-based finance strategies across its $416 billion credit umbrella.

Market & Trading Significance

The filing indicates steady institutional demand for private credit and asset-backed finance alternatives. Given Brookfield's asset base exceeding $1 trillion, the $2 billion fund closing represents an operational milestone in line with its ordinary credit fundraising cycle, carrying low direct trading volatility impact on $BAM common equity.