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Direct Investment  + M&As  |  April 3, 2025
Brookfield Acquires Controlling Interest in Angel Oak 
By: Joe Palmisano

Brookfield Acquires Controlling Interest in Angel Oak 

Brookfield Asset Management has agreed to acquire a majority stake in Angel Oak Companies. The move integrates Angel Oak into the asset manager’s expansive $317 billion credit business. Founded in 2008, Angel Oak manages over $18 billion in assets and specializes in U.S. non-agency residential mortgages through its vertically integrated platform, which combines mortgage origination and asset management. 

Over the past decade, Angel Oak has made a significant impact in the mortgage industry, originating over $30 billion in residential loans and issuing more than 60 securitizations. The company’s success stems from its unique structure, which integrates Angel Oak Mortgage Solutions, its wholesale mortgage origination arm, with Angel Oak Capital Advisors, its asset management division. 

Angel Oak will maintain its operational independence under the partnership, led by its current co-CEOs, Sreeni Prabhu and Mike Fierman. The strategic alliance aims to accelerate growth in serving underserved borrower segments while expanding institutional investor relationships. 

Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as Brookfield’s legal counsel. KingsRock Securities LLC, a wholly owned subsidiary of KingsRock Advisors LLC, acted as exclusive financial advisor to Angel Oak, and UBS Investment Bank advised the management team of Angel Oak on this transaction. Paul Hastings LLP acted as legal counsel to Angel Oak. 

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Brookfield Asset ManagementAngel Oak Capital Advisors LLC

About Joe Palmisano

Joe Palmisano is Editorial Director for Connect Money, where he brings nearly three decades experience of market insights as a financial journalist, analyst and senior portfolio manager for leading financial publications, advisory firms, and hedge funds. In his role as Editorial Director, Joe is responsible for the selection of content and creation of daily business news covering the financial markets, including Alternative Assets, Direct Investment and Financial Advisory services. Before joining Connect Money, Joe was a financial journalist for the Wall Street Journal, regularly publishing feature stories and trend pieces on the foreign exchange, global fixed income and equity markets. Joe parlayed his experience as a financial journalist into roles as a Senior Research Analyst and Portfolio Manager, writing daily and weekly market analysis and managing a FX and US equity portfolio. Joe was also a contributing writer for industry magazines and publications, including SFO Magazine and the CMT Association. Joe earned a B.S.B.A. in Finance from The American University. He holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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