Brookfield Unit Looks to Offload $1.5 Billion of Private Credit

Brookfield Wealth Solutions is looking to offload a private credit portfolio worth around $1.5 billion from the balance sheet of American National, an insurance company it acquired in 2022, according to people with knowledge of the matter.

The firm has enlisted Jefferies Financial Group Inc. to find buyers for the list of so-called limited partner stakes, said the people, who asked not to be named because the discussions are private About $1.2 billion of the portfolio is in private credit, including about $1 billion in senior loans and $200 million in lower-tier, opportunistic credit, they said.

Representatives for Brookfield and ...