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Howard Marks & Andrew Marks: Something of Value
Acquired
Brookfield
Brookfield approached us and said credit was the obvious omission in their list of alternative investment categories that they were providing. So they wanted to invest in Oaktree. At that time, this was 2018, we were half owned by the public and halfowned by the founders, current and former employees. They proposed to offer a fair price to take out the public. And also, as I said, they bought 20% of my stake, Bruce's stake, et cetera.
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