Ms. Rachel Wood reports

OAKTREE ASSET-BACKED FINANCE FUND CLOSES AT $2 BILLION

Brookfield Asset Management Ltd. has closed Oaktree's Asset-Backed Finance Fund (ABF I) with $2-billion of commitments across the fund and related investment vehicles, achieving its target fundraise. The fund attracted a globally diversified base of institutional investors, including United States public pension plans and sovereign wealth funds, reflecting strong institutional demand for asset-backed finance solutions. The achievement is in addition to the success of Oaktree's asset-backed vehicle focused on private wealth investors.

Brendan Beer, Oaktree managing director and portfolio manager, said: "As the private asset-backed market grows, its sheer variety across sectors, structures and risk/return makes the market difficult to navigate. We see that as opportunity, giving us real freedom to pursue the best relative value. Our approach is simple: survey a very broad market for less-crowded lending opportunities, and subject them to Oaktree's critical eye. The partnership with Brookfield has supercharged our proprietary sourcing and added differentiated perspectives to our investment decisions."

Oaktree's ABF strategy focuses on providing flexible capital solutions to originators across a range of sectors including equipment leasing, transportation, consumer, real estate and infrastructure. The close of ABF I builds on Oaktree's more than two decades of experience in asset-backed finance. Across the broader ABF platform, Oaktree has invested more than $19-billion and developed relationships with hundreds of third party originators.

ABF I's final close builds on Brookfield's long-standing partnership with Oaktree, which dates back to 2019. Now as an integrated business, the strategy benefits from deeper sourcing and underwriting expertise, harnessing Brookfield's global scale and extensive operating platform. ABF I is complementary to Brookfield's broader asset-based finance platform, which totals more than $60-billion and provides differentiated access to opportunities including specialty finance, residential non-qualified mortgages, aviation lending, music royalties, fund finance and digital infrastructure leases.

About Brookfield Asset Management Ltd.

Brookfield is a leading global investment firm, headquartered in New York, with more than $1-trillion in assets under management. The firm owns and operates high-quality businesses and real assets that provide essential services and form the backbone of the global economy. Brookfield invests on behalf of institutions and individuals around the world across infrastructure, energy, private equity, real estate and credit. With more than a century of operating experience and a global presence in over 50 countries, Brookfield deploys long-term capital to generate sustainable value for its clients and shareholders. Brookfield Corp. and Brookfield Asset Management are publicly traded in New York and Toronto.

About Oaktree

As a part of Brookfield's $416-billion credit platform, Oaktree is a premier global credit manager emphasizing an opportunistic, value-oriented, and risk-controlled approach to investing across credit, equity and real estate.

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