Brookfield, Oaktree Launch ABF Interval Fund for U.S. Private Wealth Investors 

Brookfield has expanded its private wealth offering with the launch of the Oaktree Asset-Backed Income Fund (OABIX), an evergreen interval fund designed to give U.S. individual investors access to Oaktree Capital Management’s asset-backed finance capabilities. 

The fund debuted with $400 million in committed capital, adding to Brookfield and Oaktree’s growing suite of evergreen vehicles tailored for the private wealth channel. With the launch of OABIX, the platform now offers six evergreen strategies spanning credit, real estate, infrastructure and renewables, and private equity. 

OABIX is structured to open an asset class historically reserved for institutions to a broader investor base. The interval fund format features lower investment minimums, monthly subscriptions, annual 1099 tax reporting, and simplified access—attributes increasingly favored by RIAs and their clients as allocations to private credit expand. 

“With ongoing demand for capital and banks continuing to reduce lending, the asset-backed finance opportunity set continues to widen,” said Armen Panossian, co-CEO and head of performing credit at Oaktree. The pullback by traditional lenders has created room for private capital to finance assets across consumer, commercial, and specialty segments, often with strong collateral and cash-flow profiles. 

For Brookfield, the launch reflects sustained demand from the private wealth community for income-oriented alternatives that can complement traditional fixed income. 

“Private wealth investors want durable income and diversification, and OABIX is positioned to address both. We’re grateful to the RIAs who partnered with us to bring the strategy to market, and their engagement reflects the market’s demand for credit solutions,” John Sweeney, CEO of Brookfield’s Private Wealth Group, added.