Brookfield Oaktree restructures internal partnership By Investing.com

In a significant development, Brookfield Oaktree Holdings, LLC has completed an internal reorganization, according to a recent 8-K filing with the Securities and Exchange Commission. On Monday, the investment advisory firm executed a change in the general partner of its subsidiary, Oaktree Capital I, L.P., as part of a broader restructuring effort.

The restructuring, referred to as the “2024 Restructuring,” involved the replacement of Brookfield OCM Holdings II, LLC with a new entity, Oaktree Capital I GP, LLC, as the general partner of Oaktree Capital I. This change was formalized through the adoption of the Sixth Amended and Restated Limited Partnership Agreement of Oaktree Capital I (the “New Cap I LPA”).

Despite this internal shift, Brookfield OCM Holdings II, LLC will maintain its status as a limited partner and retain its economic interest in Oaktree Capital I. Additionally, Oaktree Capital Group Holdings, L.P. will continue to hold all Class B common units of Brookfield Oaktree Holdings and retain its authority to appoint members to the company’s Board of Directors. Similarly, Brookfield Corporation will keep its indirect ownership of all Class A common units and its corresponding right to designate Board members.

The company has stated that the 2024 Restructuring will not have an economic impact on Brookfield Oaktree Holdings. The details of the New Cap I LPA have been made available as part of the 8-K filing’s exhibits, providing transparency on the specifics of the reorganization.

This move comes as Brookfield Oaktree Holdings, LLC, formerly known as Oaktree Capital Group, LLC, continues to navigate the complex landscape of investment advisory services. The company, incorporated in Delaware and headquartered in Los Angeles, operates under the SIC code for Investment Advice, indicating its primary business focus.

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