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Paul, Weiss is advising Brookfield Asset Management on its strategic partnership with Angel Oak Companies, an alternative asset manager with over $18 billion in assets under management. Under the terms of the agreement Brookfield will acquire a majority ownership stake in Angel Oak, which will continue to operate independently and retain its current leadership. Financial details were not disclosed, and the deal is subject to customary closing conditions.

The Paul, Weiss team is led by corporate partners Ted Ackerman, Erika Detjen and Cullen Sinclair, and includes partners Kerri Durso, Bradley Brown, Aaron Schlaphoff, Marco Masotti, Suhan Shim, Reva Raghavan, David Huntington and Adam Longenbach, and counsel Arik Hirschfeld and Nathan Mitchell; tax partners Scott Sontag and Reuven Garret and counsel Patrick Karsnitz; intellectual property partner Chuck Googe; executive compensation partner Lawrence Witdorchic and counsel Jake Glazeski; real estate partner Salvatore Gogliormella; litigation counsel Audrey Paquet and Benjamin Klein; and environmental counsel William O'Brien.