B. Riley Financial is a diversified financial services platform that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners.

Oaktree is a leader among global investment managers specializing in alternative investments, with $193 billion in assets under management as of June 30, 2024.

B. Riley Financial and Oaktree Capital Management have announced a partnership in Great American Group businesses. The company will reorganize and contribute all of its interests in Great American Group to Great American NewCo. B. Riley receives $203M in cash at a valuation of $386M, while Oaktree is provided with the upside of Great American Group. Complicated much?

PRNewswire: B. Riley Financial to Establish Partnership with Oaktree in the Great American Group Businesses