Brookfield Asset Management Ltd. announced on October 1, 2026, that Oaktree’s Asset-Backed Finance Fund (ABF I) has reached its final close with $2 billion in commitments. The fundraise was achieved across the Fund and related investment vehicles, meeting its target. The capital was raised from a globally diversified base of institutional investors, including U.S. public pension plans and sovereign wealth funds.
Brendan Beer, a Managing Director and Portfolio Manager at Oaktree, commented on the strategy, noting that the asset-backed market offers variety across sectors and structures. He stated that the firm intends to survey the broad market for less-crowded lending opportunities and apply critical scrutiny to them. The strategy focuses on providing flexible capital solutions to originators in equipment leasing, transportation, consumer, real estate, and infrastructure sectors.
The announcement highlights that ABF I builds upon Oaktree’s more than 20 years of experience in asset-backed finance. Across the broader ABF platform, Oaktree has invested over $19 billion and developed relationships with hundreds of third-party originators. The closing is described as building on Brookfield’s longstanding partnership with Oaktree, which began in 2019, and notes that the strategy now benefits from deeper sourcing and underwriting expertise.
ABF I is described as complementary to Brookfield’s broader asset-based finance platform, which totals more than $60 billion. This platform provides access to opportunities in specialty finance, residential non-qualified mortgages, aviation lending, music royalties, fund finance, and digital infrastructure leases. Brookfield is a global investment firm with over $1 trillion in assets under management, and Oaktree operates as a premier global credit manager within Brookfield’s $416 billion credit platform.
