Brookfield and Its Interval Fund, BDC and Non-Traded REIT Lineup
Brookfield closed its purchase of the rest of Oaktree in July 2026, and most of the credit vehicles an advisor sees from the firm carry the Oaktree name.
August 21, 2026
Brookfield Asset Management (NYSE: BAM, TSX: BAM) is an alternative asset manager headquartered in New York that reports more than $1 trillion in assets under management across infrastructure, energy, private equity, real estate, and credit. Advisors reach it through Brookfield Private Wealth, the firm’s advisor-facing arm, established in 2021 with Oaktree under the name Brookfield Oaktree Wealth Solutions.
In July 2026 Brookfield completed its acquisition of the remainder of Oaktree, extending a partnership that began in 2019 when it bought a 62% interest. The firm says the transaction fully integrates Oaktree into its broader platform. The division of labor is visible in the product names: the real estate and infrastructure vehicles carry the Brookfield name, and the credit vehicles carry Oaktree’s.
The lineup, organized by wrapper
Brookfield sorts its private wealth vehicles by structure rather than by asset class. Two non-traded REITs, Brookfield Real Estate Income Trust and Brookfield Real Estate Income Corp., cover private real estate. Two business development companies, Oaktree Strategic Credit Fund and Oaktree Strategic Credit Trust, cover private credit. Two interval funds, Oaktree Diversified Income Fund and Oaktree Asset-Backed Income Fund, sit alongside a tender offer fund, Brookfield Infrastructure Income Fund Inc. Closed-end and mutual funds, including the Brookfield Global Listed Infrastructure Fund and the Center Coast Brookfield Midstream Focus Fund, offer listed exposure to the same sectors.
The firm’s published timeline dates the build-out year by year: the Oaktree Diversified Income Fund in 2021, the Oaktree BDC in 2022, a private infrastructure fund for private wealth in 2023, and both a private equity strategy for wealth and the Oaktree Asset Backed Finance Fund in 2025. SQX Alts has covered the real estate side in Brookfield REIT Returns to Acquisition Mode With Boston-Area Logistics Buy, California Data Center and Brookfield to Acquire Peakstone Realty.
What the wealth channel contributes
Brookfield reported fee-bearing capital of $672 billion as of June 30, 2026, up 19% year over year, on $163 billion of fundraising over the preceding twelve months. The second quarter brought in $77 billion, which the firm describes as a record. Within that quarter, the firm raised $900 million for its infrastructure private wealth strategy.
Brookfield publishes advisor-facing research through The Alts Institute, which houses its Alternative Investing Survey and educational material on portfolio construction. The firm reports that 85% of investors surveyed consider alternatives essential to a portfolio strategy. In November 2025 it launched the Alts Allocator with iCapital, a tool that models the effect of adding alternatives to a traditional 60/40 portfolio using three investor profiles drawn from that survey — Traditionalist, Emerging Adopter, and Alts Champion — allocating up to 10%, 20%, and 30% respectively.
Distribution is widening past the traditional advisor channel. Brookfield reported in August 2026 that AllianceBernstein selected it to distribute real asset strategies through target-date funds, routing its infrastructure and real estate exposure into the U.S. defined contribution market.
