Guggenheim Partners exec revealed as buyer of Oaktree Capital CEO’s Brentwood estate

Andrew Rosenfield and his wife, Betsy Bergman Rosenfield spent $34M
April 12, 2019 03:00PM

The estate sold for sold for $33.5 million (Credit: iStock)

Andrew Rosenfield, among the top executives at Guggenheim Partners, and his wife, are the new owners of Oaktree Capital Management CEO Bruce Karsh’s Brentwood estate.

The $33.5 million sale was reported last week, but the buyer was identified only through 12 Oak Properties LLC. Variety identified Rosenfield and his wife, Betsy Bergman Rosenfield, as the new owners. The mansion on Oakmont Drive traded at a 20-percent discount from the original listing price of $42 million.

The Brentwood estate sold for $33.5 million to Andy Rosenfield and Betsy Bergman Rosenfield. (Credit: Hilton & Hyland)

Karsh bought the property for $33.7 million in 2014 from his business partner Howard Marks.

The main home was built in 1940 by architect James Dolena. It spans 8,600 square feet with six bedrooms and eight bathrooms. The gated two-acre estate also include an art studio, staff quarters, a security building, a detached gym and a swimming pool.

Oakmont Drive is one of the priciest streets in Brentwood, with residents who include billionaire philanthropist Eli Broad, Disney’s CEO Bob Iger and John Thain, the former CEO of Merrill Lynch.

The Brentwood estate sold for $33.5 million to Andy Rosenfield and Betsy Bergman Rosenfield. (Credit: Hilton & Hyland)

The Rosenfields have long been based in Chicago, where they own an estate in the Lake Forest area with more than 14,000 square feet of living space.

Karsh, the billionaire co-founder of Oaktree Capital, upgraded the home last year after buying a mansion in Holmby Hills for $69 million.

The Brentwood home was listed by Linda May of Hilton & Hyland. [Variety]Gregory Cornfield