Form 8-K

8-K — Brookfield Asset Management Ltd.

Accession: 0001104659-26-089471

Filed: 2026-08-03

Period: 2026-07-31

CIK: 0001937926

SIC: 6282 (INVESTMENT ADVICE)

Item: Completion of Acquisition or Disposition of Assets

Item: Financial Statements and Exhibits

Documents

8-K — tm2619556d1_8k.htm (Primary)

EX-99.1 — EXHIBIT 99.1 (tm2619556d1_ex99-1.htm)

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8-K — FORM 8-K

8-K (Primary)

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0001937926

2026-07-31

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

July 31, 2026

Brookfield Asset Management Ltd.

(Exact name of registrant as specified in its

charter)

British Columbia, Canada

001-41563

98-1702516

(State or Other Jurisdiction

of Incorporation)

(Commission

File No.)

(IRS Employee

Identification No.)

Brookfield Place

225 Liberty Street, 8th Floor

New

York, New York, 10281-1048

(Address of Principal Executive Offices)

(212) 417-7000

(Registrant’s telephone number, including

area code)

(Former name or former address, if changed since

last report)

Check the appropriate box below if the Form 8-K filing is intended

to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class

Trading

Symbol(s)

Name of Each Exchange

on Which Registered

Class A Limited Voting Shares

BAM

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth

company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities

Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ¨

If an emerging growth company, indicate by check mark if the registrant

has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant

to Section 13(a) of the Exchange Act. ¨

Item 2.01 Completion of Acquisition or Disposition of Assets.

On July 31, 2026, Brookfield Asset Management

Ltd. (“BAM”) and Brookfield Corporation (“BN” and, together with BAM, “Brookfield”) completed the

previously announced acquisition of Oaktree. Pursuant to the transaction, Brookfield acquired the 26% interest in Oaktree that it did

not already own and now owns 100% of Oaktree. Total consideration for the transaction was approximately $3.0 billion, consisting of both

cash and BN and BAM shares.

On August 3, 2026, Brookfield

issued a press release regarding the closing of its previously announced acquisition of Oaktree. A copy of the press release is attached

as Exhibit 99.1 hereto.

Item 9.01 Financial Statements

and Exhibits.

(d) Exhibits.

Exhibit

Number

Description

99.1

Press

release dated August 3, 2026

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements

of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto

duly authorized.

Date: August 3, 2026

Brookfield Asset Management Ltd.

By:

/s/

Kathy Sarpash

Name:

Kathy Sarpash

Title:

Managing Director, Legal & Regulatory and Corporate

Secretary

EX-99.1 — EXHIBIT 99.1

EX-99.1

Filename: tm2619556d1_ex99-1.htm · Sequence: 2

Exhibit 99.1

Brookfield Completes

Acquisition of Oaktree

Acquisition strengthens

$365B credit platform, bringing together Oaktree’s cycle-tested expertise with Brookfield’s scale and reach

NEW YORK –

August 3, 2026 – Brookfield today announced that it has completed its acquisition of Oaktree, one of the world’s premier

credit managers. The transaction marks the next step in a partnership that began in 2019 and fully brings together the Oaktree and Brookfield

platforms. With the addition of Oaktree, Brookfield’s global credit platform offers a broad range of solutions across opportunistic

credit, real asset credit, asset-backed finance and corporate performing credit to institutions, financial advisors and individuals.

Connor Teskey,

CEO of Brookfield Asset Management, said, “Brookfield has been a leading alternative asset investor for decades and over the past

20 years has built a credit business to complement its global real asset platforms. Adding the Oaktree franchise has further strengthened

our ability to invest across market cycles and opportunity sets, enhanced by Oaktree’s track record and underwriting capabilities.

We look forward to building on their strong track record and deep expertise as we continue to grow our credit business globally.”

Bob O’Leary

and Armen Panossian, Co-CEOs of Brookfield’s Credit Group, said, “Brookfield and Oaktree’s partnership over the past

seven years has been built on a shared commitment to disciplined investing and a long-term perspective. This next step allows us to build

on that foundation and continue delivering strong outcomes for our clients.”

Howard Marks will

be Co-Chair of Oaktree, in addition to his role as a Director of Brookfield Corporation, and Chair of Brookfield’s Investment Solutions

Group. Bruce Karsh will also be Co-Chair of Oaktree in addition to being Oaktree’s Chief Investment Officer and portfolio manager

for Oaktree’s Global Opportunities and Global Credit strategies.

With the acquisition

of Oaktree, the U.S. becomes Brookfield Asset Management’s largest market. It is now home to over 60% of Brookfield Asset Management's

employee base and the source of nearly half of its revenue. It further deepens Brookfield’s long-standing presence in the country

and reinforces its commitment to investing in the U.S. economy. At the same time, Oaktree's global investment platform and presence in

18 countries broadens the reach of Brookfield's credit business, strengthening its ability to serve clients and deploy capital worldwide.

About Brookfield

Brookfield is a

leading global investment firm with more than $1 trillion in assets under management. The firm owns and operates high-quality businesses

and real assets that provide essential services and form the backbone of the global economy. Brookfield invests on behalf of institutions

and individuals around the world across infrastructure, energy, private equity, real estate, and credit. With more than a century of

operating experience and a global presence in over 30 countries, Brookfield deploys long-term capital to generate sustainable value for

its clients and shareholders. Brookfield Corporation (NYSE: BN, TSX: BN) and Brookfield Asset Management (NYSE: BAM, TSX: BAM) are publicly

traded in New York and Toronto.

For more information,

please visit our website at www.brookfield.com.

Brookfield Media:

Kerrie McHugh

Tel: (212) 618-3469

Email: kerrie.mchugh@brookfield.com

Brookfield Investor Relations:

Jason Fooks

Tel: (212) 417-2442

Email: jason.fooks@brookfield.com

Notice to

Readers

This news release

contains “forward-looking statements” within the meaning of the U.S. Securities Act of 1933, the U.S. Securities Exchange

Act of 1934, “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking

information” within the meaning of other relevant securities legislation, including applicable securities laws in Canada, which

reflect our current views with respect to, among other things, our operations and financial performance (collectively, “forward-looking

statements”). Forward-looking statements include statements that are predictive in nature, depend upon or refer to future results,

events or conditions, and include, but are not limited to, statements which reflect management’s current estimates, beliefs and

assumptions and which are in turn based on our experience and perception of historical trends, current conditions and expected future

developments, as well as other factors management believes are appropriate in the circumstances. The estimates, beliefs and assumptions

of Brookfield are inherently subject to significant business, economic, competitive and other uncertainties and contingencies regarding

future events and as such, are subject to change. Forward-looking statements are typically identified by words such as “expect”,

“anticipate”, “believe”, “foresee”, “could”, “estimate”, “goal”,

“intend”, “plan”, “seek”, “strive”, “will”, “may” and “should”

and similar expressions. In particular, the forward-looking statements contained in this news release include statements referring to

the expected impact of the completed acquisition.

Although Brookfield

believes that such forward-looking statements are based upon reasonable estimates, beliefs and assumptions, certain factors, risks and

uncertainties, which are described from time to time in our documents filed with the securities regulators in Canada and the United States,

not presently known to Brookfield or that that Brookfield currently believes are not material, could cause actual results or events to

differ materially from those contemplated or implied by forward-looking statements.

Readers are

urged to consider these risks, as well as other uncertainties, factors and assumptions carefully in evaluating the forward-looking statements

and are cautioned not to place undue reliance on such forward-looking statements, which are based only on information available to us

as of the date of this news release. Except as required by law, Brookfield undertakes no obligation to publicly update or revise any

forward-looking statements, whether written or oral, that may be as a result of new information, future events or otherwise.

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