The Competition Commission of India (CCI) has approved acquisition of units by Brookfield Asset Management Ltd. (BAM) of Oaktree Capital Group Holdings, L.P. (OCGH), and Oaktree Equity Plan, L.P. (OEP).

The Proposed Combination envisages the indirect acquisition of units of OCGH and OEP and, therefore, the Oaktree operating group of entities by BAM.

BAM is a global alternative asset manager, and is controlled by Brookfield Corporation (BN).

Both OCGH and OEP are limited partnerships and part of the Oaktree group. The Oaktree group is engaged in the provision of alternative investment management services.

Detailed order of the Commission shall follow.

Competition approval enables Brookfield's indirect acquisition of Oaktree entities, combining alternative investment management businesses. Competition approval was granted for Brookfield Asset Management Ltd. to indirectly acquire units in Oaktree Capital Group Holdings, L.P. and Oaktree Equity Plan, L.P., resulting in the acquisition of the Oaktree operating group of entities. Brookfield Asset Management is a global alternative asset manager, while the Oaktree group provides alternative investment management services.