Brookfield’s $3bn takeover of Oaktree leaves Inter’s ownership unchanged
Ora, it is official that Brookfield has completed the acquisition of the remaining 26 % of Oaktree in a roughly $3 billion deal, giving it 100 % ownership, while the ownership structure of Inter Milan stays unchanged, still controlled through Oaktree Capital Management.
Brookfield already controlled 74 % of Oaktree after a deal that began in 2019, and the recent transaction brings its stake to 100 %. The acquisition values the entire Oaktree fund at about $10 billion.
Brookfield announced today that it has completed the acquisition of Oaktree, one of the world’s leading credit managers, the statement read. The deal is described as the next step of a partnership launched in 2019, fully integrating Oaktree’s platforms with Brookfield’s global credit business.
Howard Marks will serve as co‑chairman of Oaktree while remaining a member of Brookfield Corporation’s board and president of its Investment Solutions Group. Bruce Karsh will also be co‑chairman and retain his role as chief investment officer overseeing the Global Opportunities and Global Credit strategies.
With the acquisition, the United States becomes Brookfield Asset Management’s primary market, hosting more than 60 % of its employees. The country now generates almost half of Brookfield’s revenue, reinforcing its historic US presence.
Oaktree operates in 18 countries, extending Brookfield’s credit platform internationally. The expanded reach enhances Brookfield’s ability to serve institutional investors, financial advisers and private clients worldwide.
For Inter Milan, the change in fund ownership does not alter day‑to‑day management, as the club’s control chain continues to be Oaktree Capital Management, the investment manager. All strategic decisions remain the exclusive domain of Oaktree.
The ultimate owners of the club are identified as Bruce Karsh, Howard Marks and Sheldon Stone, the founders and senior figures of Oaktree. Key managers involved in the club’s oversight include Katherine Ralph, Alejandro Cano, Delphine Nannan and Renato Meduri, who sit on the board of directors.
The acquisition was finalized before Zhang’s approach for the loan that the Nerazzurri used, highlighting that the fund’s control pre‑dated that financing move. Zhang’s loan proposal therefore does not affect the newly completed ownership structure.
Thus, while Brookfield expands its financial footprint through a $3 billion purchase, Inter Milan’s ownership remains stable and unchanged. The contrast underscores a separation between the fund’s global growth ambitions and the club’s consistent governance.