Brookfield Oaktree Holdings, LLC reported a significant decline in its financial performance for the first quarter of 2025 compared to the same period in 2024. Total revenues decreased to $143.4 million, down from $255.0 million, primarily due to the absence of incentive income following the deconsolidation of Oaktree Capital I. Interest and dividend income, however, increased by 22.2% to $148.4 million, driven by higher returns from investments in Oaktree Opportunities Fund XII. The company recorded a net loss attributable to Class A unitholders of $11.8 million, a stark contrast to the net income of $76.8 million reported in the previous year.
The financial results reflect the impact of the 2024 restructuring, which resulted in the deconsolidation of Oaktree Capital I and a shift in how the company accounts for its investments. As a result, the company no longer recognizes incentive income, which had previously contributed significantly to its revenue. The restructuring also led to a reduction in compensation and benefits expenses, as the company ceased to incur incentive compensation expenses related to incentive income.
Operationally, Brookfield Oaktree Holdings maintained a strong cash position, with cash and cash equivalents totaling $15.9 million as of March 31, 2025. The company’s total assets stood at $7.0 billion, with liabilities amounting to $1.7 billion. The company continues to consolidate certain funds, specifically Oaktree Opportunities Fund XI and XII, where it remains the primary beneficiary. The total assets of these consolidated funds were approximately $5.6 billion, reflecting the ongoing investment activities.
Looking ahead, Brookfield Oaktree Holdings anticipates that its investment strategy will continue to adapt to market conditions, leveraging opportunities in both strong and weak economic environments. The company plans to maintain its focus on generating cash flows from its equity method investments and fulfilling capital commitments to Oaktree funds. The management remains optimistic about the potential for future growth, despite the challenges posed by current market volatility and geopolitical uncertainties.
About Brookfield Oaktree Holdings, LLC
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