Brookfield is set to acquire a 50.1% stake in Angel Oak, thereby expanding its access to the burgeoning residential mortgage credit sector. This strategic investment allows Brookfield to offer its investors direct exposure to Angel Oak’s operations, which are notable for their expertise in residential loans and mortgage-backed securities. Despite this significant stake acquisition, Angel Oak will maintain its operational independence. Co-founders Sreeni Prabhu and Mike Fierman will continue in their roles as co-CEOs, ensuring that the firm’s established vision and strategy remain intact.
Key Elements:
– **Brookfield Investment**: Acquires 50.1% stake in Angel Oak.
– **Investor Access**: Provides Brookfield’s investors with exposure to residential mortgage credit business.
– **Operational Independence**: Angel Oak to continue operating independently post-investment.
– **Leadership Continuity**: Co-founders Sreeni Prabhu and Mike Fierman remain as co-CEOs.
You can read this full article at: https://www.housingwire.com/articles/brookfield-takes-controlling-stake-in-angel-oak/(subscription required)
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