News

Brookfield Asset Management Raises $61 Billion in Capital

1 Mins read

Brookfield Asset Management has experienced a successful year of capital raising, totaling $61 billion, with $26 billion raised in the latest quarter. This brings them closer to their goal of reaching $150 billion in total capital.

Strong Third Quarter Fundraising

The asset manager reported an excellent third quarter in terms of fundraising, with $102 billion in uncalled fund commitments as of the end of September. This substantial amount is available for market opportunities, including $45 billion that is not currently earning fees but is expected to generate approximately $450 billion in fees annually once deployed. Additionally, Brookfield holds nearly $3 billion in cash and equivalents on its balance sheet.

Largest Private Infrastructure Debt Fund

Last week, Brookfield closed what they claim to be the world’s largest private infrastructure debt fund, raising more than $6 billion for their global infrastructure debt program. This follows the recent closing of their flagship global private equity program, Brookfield Capital Partners VI, which raised a total of $12 billion.

Positive Financial Results

Total net income for the quarter increased to $494 million, or 30 cents a share, compared to $395 million, or 24 cents a share, in the same period last year. Revenue also rose by 7.5% to reach $893 million.

Future Growth Outlook

Brookfield Asset Management, majority owned by Brookfield Corp., remains optimistic about the future. With fundraising momentum continuing into the final quarter of the year, they anticipate first closes for their second transition flagship fund and fifth real estate flagship fund. Furthermore, they expect to complete a contract to manage American Equity Investment Life’s insurance assets. All of these developments bring them closer to achieving their capital raising target of $150 billion.

Related posts
News

EFCC Takes Sensitization Campaign On Virtual Assets, Money Laundering To CBN - InfoStride News

2 Mins read
Operatives of the Benin Zonal Directorate of the Economic and Financial Crimes Commission, EFCC, on Thursday, July 24, sensitized officers of Central…
News

Binance's Top Trending Cryptocurrency Picks for Today, July 23, 2025

10 Mins read
Looking for what’s hot in crypto today, July 23, 2025? We’ve got the rundown on the top trending cryptocurrency picks you’ll find…
News

Why betting on Bitcoin as the dollar collapses could wreck small investors

5 Mins read
Scams, hacks, and no safety nets make BTC especially risky for people with limited savings.Trending NowBest Forex Trading Robots To Invest In…

Leave a Reply

Your email address will not be published. Required fields are marked *

+ 76 = 83