Brookfield Asset Management, every mention
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Verbatim, from the transcripts: the passages where Brookfield Asset Management comes up
Howard Marks & Andrew Marks: Something of Value · Acquired
- ▶ 1:14:54 Howard Marks Brookfield approached us and said that credit was the obvious omission in their list of alternative investment categories that they were providing, and they could build it, but it might take 10 years and they might end up with less than we…
- ▶ 1:15:19 Howard Marks So they proposed to offer a fair price to take out the public, that's half, and to buy a fifth of our half.
- ▶ 1:15:28 Howard Marks So they started with just over 60%, but we had criteria for a transaction that we would contemplate.
- ▶ 1:15:35 Howard Marks We've had them for 20 years, and they were never fulfilled before, and Brookfield hit them all, which is that Oaktree would continue to exist, would continue to be an independent entity, that we would run it,
- ▶ 1:15:49 Howard Marks That Brookfield wouldn't tell us what to do, and that Brookfield wouldn't try to interpose itself between us and our clients.
- ▶ 1:16:00 Howard Marks And also, as I said, they bought 20% of my stake, Bruce's stake, et cetera.
- ▶ 1:16:53 Howard Marks They consult us.
- ▶ 1:16:54 Howard Marks They help us.
- ▶ 1:16:55 Howard Marks They provide resources.