Brookfield Asset Management is a leading global alternative asset manager and one of the largest investors in real assets. Our investment focus is on real estate, renewable power, infrastructure and private equity assets. Our objective is to generate attractive long-term risk-adjusted returns for the benefit of our clients and shareholders. We manage a range of public and private investment products and services for institutional and retail clients. We earn asset management income for doing so and align our interests with our clients by investing alongside them. We have an exceptionally strong balance sheet, with over $30 billion of capital invested, primarily in our four listed partnerships: Brookfield Property Partners, Brookfield Infrastructure Partners, Brookfield Renewable Partners and Brookfield Business Partners. This access to large-scale capital enables us to make investments in sizeable, premier assets across geographies and asset classes that few managers are able to do. We create value for BAM shareholders in the following ways: As an asset manager  by investing both our own capital and that of our investors  this enables us to increase the scale of our operations, and enhances our financial returns through base management fees and performance-based income; as an investor and capital allocator  we strive to invest at attractive valuations, particularly in value-oriented situations that create opportunities for superior valuation gains and cash flow returns, or by monetizing assets at appropriate times to realize value; and as an owner-operator  we constantly work to increase the value of the assets within our operating businesses and the cash flows they produce through our operating expertise, development capabilities and effective financing.
IPO Year: 2022
Exchange: NYSE
Website: brookfield.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
8/2/2024 | $43.00 | Hold | Jefferies |
5/15/2024 | $38.00 → $41.00 | Neutral | JP Morgan |
2/1/2024 | Buy → Hold | HSBC Securities | |
12/18/2023 | Hold → Buy | Deutsche Bank | |
10/6/2023 | $39.00 | Buy | HSBC Securities |
9/7/2023 | $40.00 | Neutral | BofA Securities |
5/30/2023 | Hold | Deutsche Bank | |
12/22/2022 | $35.00 | Outperform | RBC Capital Mkts |
12/16/2022 | $37.00 | Sector Outperform | CIBC |
4/27/2022 | $68.00 → $71.50 | Neutral → Outperform | Credit Suisse |
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Brookfield Asset Management acquires 51% interest in Castlelake and Brookfield Wealth Solutions commits to invest in the firm's funds and strategies, total capital amounting to $1.5B NEW YORK and MINNEAPOLIS, Sept. 17, 2024 /PRNewswire/ -- Brookfield Asset Management (NYSE:BAM, TSX:BAM) ("Brookfield") and Castlelake L.P. ("Castlelake"), a global alternative investment manager specializing in asset-based private credit including aviation and specialty finance, today announced the closing of a $1.5 billion strategic partnership in which Brookfield has acquired a 51% stake in Castlelake's fee-related earnings and Brookfield Wealth Solutions has committed to invest into Castlelake's investment s
American Tower Corporation (NYSE:AMT) ("American Tower") today announced that it has closed the previously announced sale of 100% of the equity interests in its operations in India ("ATC India") to Data Infrastructure Trust ("DIT"), an Infrastructure Investment Trust sponsored by an affiliate of Brookfield Asset Management (NYSE:BAM, TSX:BAM) ("Brookfield"). Total cash proceeds to American Tower associated with the transaction represents approximately INR 210 billion, or $2.5 billion at today's exchange rates. Total cash proceeds include approximately $320 million associated with the monetization of optionally converted debentures issued by Vodafone Idea and payments on ATC India receivabl
New investments secured for Infinium and company's Project Roadrunner production plant to accelerate availability of sustainable aviation fuel SACRAMENTO, Calif., Sept. 10, 2024 /PRNewswire/ -- Infinium, the world's first producer of commercially available ultra-low carbon eFuels, and Brookfield Asset Management (NYSE:BAM, TSX:BAM) ("Brookfield") today announced a strategic funding partnership to accelerate the growth of Infinium's eFuels platform. Infinium eFuels—which includes eSAF, a next generation sustainable aviation fuel—can reduce lifecycle greenhouse gas emissions by approximately 90% or more compared to today's conventional fuels.
BROOKFIELD, News, Sept. 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) and Brookfield Corporation (NYSE:BN, TSX:BN) announced that they will host their Investor Day on Tuesday, September 10, 2024. Brookfield Asset Management's event will run from 10:00 a.m. (ET) until 1:00 p.m. (ET). Brookfield Corporation's event will run from 2:00 p.m. (ET) to 4:00 p.m. (ET). The live webcast, along with copies of the presentations, can be accessed by all interested parties through https://brookfieldinvestorday.cventevents.com/9N3ezn. Please register for the webcast at least 15 minutes prior to the start of the event to download any necessary software. For those unab
Former EDP Renewables Executive Further Strengthens Scout's Ability to Execute on 19 GW Pipeline BOULDER, Colo., Aug. 21, 2024 /PRNewswire/ -- Today, Scout Clean Energy ("Scout"), a leading national renewable energy developer-owner-operator, announced the addition of Kris Cheney as Chief Development Officer, further fortifying Scout's established development capabilities. Cheney brings more than a decade of leadership experience developing wind, solar, and storage projects to Scout as it continues its significant growth trajectory to execute on its 19 GW pipeline of renewable energy assets.
Assets Under Management Now Approximately $1 Trillion $68 Billion of Capital Raised in the Quarter Annualized FRE and DE Grew 11% and 12% to $2.5 Billion and $2.4 Billion BROOKFIELD, NEWS, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) today announced financial results for the quarter ended June 30, 2024. Connor Teskey, President of Brookfield Asset Management stated, "We had another strong quarter, which included $68 billion of capital raised. There is strong momentum in our Credit business, providing solutions to our partners globally. We also continue to see unprecedented opportunities in our Renewable Power and Transition business, as evidenc
Transaction to unlock significant embedded equity value for common shareholders1 and position Chorus for the future Sale price of $1.9 billion to unlock embedded equity value in the Regional Aircraft Leasing ("RAL") segment, with net proceeds of $814 million.Transaction to eliminate $1.7 billion in financings, including all RAL segment aircraft-related debt, substantially all Chorus corporate debt, and US$300 million in Series 1 Preferred Shares.2Pro forma Leverage Ratio3 as at the end of 2023 would decrease to 1.8x from 3.6x, with substantially all remaining debt relating to aircraft operated by Jazz Aviation under the Capacity Purchase Agreement (the "CPA") with Air Canada and supported by
Intrepid Fiber Networks ("Intrepid"), a leading fiber-to-the-premises provider supported by Brookfield, announced today that it has secured $290 million in debt financing with Société Générale as Structuring and Coordinating Advisor. The proceeds will support Intrepid's inaugural deployments in Colorado and Minnesota to over 250,000 premises. "Securing this new credit facility accelerates our growth across the entire build plan. We have already achieved tremendous success constructing our networks and onboarding subscribers through our partners," said Jack Waters, Chief Executive Officer of Intrepid. "This exciting step forward reinforces our commitment to delivering future-proof fiber ne
BROOKFIELD, NEWS, July 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) is set to publish its financial results for the second quarter 2024 on August 7, 2024, prior to 7:00 a.m. ET. These results will be made available on our website at www.bam.brookfield.com/news-events/press-releases. The Company will host an earnings conference call and webcast to review its results and operations beginning at 11:00 a.m. ET. Participants can join by conference call or webcast: Conference Call Please pre-register by conference call: https://register.vevent.com/register/BIfc7713ee998f400c8d32e654adb9f59dUpon registering, you will be emailed a dial-in number, and uniqu
First dedicated fund introduced for transition investing in emerging markets $1 billion committed by UAE-backed ALTÉRRA CTF first close expected by the end of 2024 BROOKFIELD, NEWS, June 13, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE:BAM, TSX:BAM) ("Brookfield") and Alterra Management Limited announced today the launch of the Catalytic Transition Fund ("CTF" or "the Fund") focused on directing capital into clean energy and transition assets in emerging economies. With the urgent need to cut emissions and accelerate the climate transition, the Brookfield-managed CTF will harness a $1 billion commitment by ALTÉRRA funds ("ALTÉRRA") to catalyze up to $5 billion in total ca
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6-K - Brookfield Asset Management Ltd. (0001937926) (Filer)
6-K - Brookfield Asset Management Ltd. (0001937926) (Filer)
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Former EDP Renewables Executive Further Strengthens Scout's Ability to Execute on 19 GW Pipeline BOULDER, Colo., Aug. 21, 2024 /PRNewswire/ -- Today, Scout Clean Energy ("Scout"), a leading national renewable energy developer-owner-operator, announced the addition of Kris Cheney as Chief Development Officer, further fortifying Scout's established development capabilities. Cheney brings more than a decade of leadership experience developing wind, solar, and storage projects to Scout as it continues its significant growth trajectory to execute on its 19 GW pipeline of renewable energy assets.
BROOKFIELD, NEWS, March 19, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) announced that it has filed its 2023 annual materials on Form 40-F, including its audited financial statements and management's discussion and analysis for the year ended December 31, 2023, with the SEC on EDGAR as well as with the Canadian securities authorities on SEDAR. These documents are also available at www.bam.brookfield.com and a hardcopy will be provided to shareholders free of charge upon request. Appointment of Hadley Peer Marshall as Chief Financial Officer The Board of Brookfield Asset Management is pleased to announce the appointment of Hadley Peer Marshall as Chief Fi
BROOKFIELD, NEWS, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management ("Brookfield") announced today the appointment of Sir Ron Kalifa as Vice Chair and Head of Financial Infrastructure investments. Ron brings a wealth of experience to his role at Brookfield, including over two decades of building and transforming businesses in the global payments space, and as a Non-Executive Director of the Bank of England's Court of Directors. Brookfield's financial infrastructure strategy focuses on identifying opportunities in digital assets and services that form the backbone of the global financial economy. The strategy typically seeks mature, high-quality companies that are integral comp
BROOKFIELD, NEWS, Aug. 11, 2022 (GLOBE NEWSWIRE) -- Brookfield Reinsurance ((NYSE, TSX:BAMR) today announced financial results for the quarter ended June 30, 2022. Sachin Shah, CEO of Brookfield Reinsurance, stated, "With the closing of American National, we now manage over $40 billion of assets, a substantial portion of which are in cash and short-dated liquid securities. Our focus now shifts to investing these assets for value in a rising rate environment." UnauditedAs at and for the periods ended June 30(US$ millions, except per share amounts)Three Months Ended Six Months Ended 2022 2021 2022 2021Total Assets$41,019 $2,640 $41,019 $2,640Adjusted equity1 3,767 1,252 3,767 1,252Dis
BROOKFIELD, NEWS, Nov. 11, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Reinsurance Partners Ltd. ("Brookfield Reinsurance") ((NYSE, TSX:BAMR) today announced financial results for the quarter ended September 30, 2021. Sachin Shah, CEO of Brookfield Reinsurance, stated, "We continue to make significant progress in advancing our priorities with a focus on executing our previously announced transactions. Since we last reported, we have closed on a number of reinsurance and pension risk transfer opportunities, increasing our assets under management to $8 billion. Through our strategic partnership with Brookfield, we have successfully redeployed a significant portion of th
BROOKFIELD NEWS, Oct. 28, 2021 (GLOBE NEWSWIRE) -- Brookfield today announced the appointment of Michael McRaith as Vice Chair of its Insurance Solutions business. In this newly created role, Mr. McRaith will participate in all aspects of Brookfield's global insurance operations. Brookfield's Insurance Solutions business is focused on providing capital and investment solutions that match assets and liabilities for the benefit of policyholders and other stakeholders. Leveraging Brookfield's extensive expertise and capacity across real estate, infrastructure, renewable power and private credit, Insurance Solutions partners with leading insurers to develop portfolios with high-quality inve
BROOKFIELD NEWS, Jan. 05, 2021 (GLOBE NEWSWIRE) -- Brookfield Asset Management Inc. (“Brookfield” or the “Corporation”) (TSX: BAM.A, NYSE: BAM) announced today the appointment of Hutham Olayan to its board of directors. Ms. Olayan is Chair of The Olayan Group, a multinational investment enterprise as well as a leading operator of businesses in Saudi Arabia, where the group originated in 1947. Ms. Olayan has decades of experience as a long-term investor in various asset classes in global markets. Frank McKenna, Chair of the Board of Directors of Brookfield, stated, “We are thrilled to welcome Ms. Olayan to Brookfield. As an accomplished business leader and skilled director, she brings vast
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Brookfield Asset Management acquires 51% interest in Castlelake and Brookfield Wealth Solutions commits to invest in the firm's funds and strategies, total capital amounting to $1.5B NEW YORK and MINNEAPOLIS, Sept. 17, 2024 /PRNewswire/ -- Brookfield Asset Management (NYSE:BAM, TSX:BAM) ("Brookfield") and Castlelake L.P. ("Castlelake"), a global alternative investment manager specializing in asset-based private credit including aviation and specialty finance, today announced the closing of a $1.5 billion strategic partnership in which Brookfield has acquired a 51% stake in Castlelake's fee-related earnings and Brookfield Wealth Solutions has committed to invest into Castlelake's investment s
Assets Under Management Now Approximately $1 Trillion $68 Billion of Capital Raised in the Quarter Annualized FRE and DE Grew 11% and 12% to $2.5 Billion and $2.4 Billion BROOKFIELD, NEWS, Aug. 07, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) today announced financial results for the quarter ended June 30, 2024. Connor Teskey, President of Brookfield Asset Management stated, "We had another strong quarter, which included $68 billion of capital raised. There is strong momentum in our Credit business, providing solutions to our partners globally. We also continue to see unprecedented opportunities in our Renewable Power and Transition business, as evidenc
Transaction to unlock significant embedded equity value for common shareholders1 and position Chorus for the future Sale price of $1.9 billion to unlock embedded equity value in the Regional Aircraft Leasing ("RAL") segment, with net proceeds of $814 million.Transaction to eliminate $1.7 billion in financings, including all RAL segment aircraft-related debt, substantially all Chorus corporate debt, and US$300 million in Series 1 Preferred Shares.2Pro forma Leverage Ratio3 as at the end of 2023 would decrease to 1.8x from 3.6x, with substantially all remaining debt relating to aircraft operated by Jazz Aviation under the Capacity Purchase Agreement (the "CPA") with Air Canada and supported by
BROOKFIELD, NEWS, July 09, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) is set to publish its financial results for the second quarter 2024 on August 7, 2024, prior to 7:00 a.m. ET. These results will be made available on our website at www.bam.brookfield.com/news-events/press-releases. The Company will host an earnings conference call and webcast to review its results and operations beginning at 11:00 a.m. ET. Participants can join by conference call or webcast: Conference Call Please pre-register by conference call: https://register.vevent.com/register/BIfc7713ee998f400c8d32e654adb9f59dUpon registering, you will be emailed a dial-in number, and uniqu
NOT FOR DISTRIBUTION, PUBLICATION OR RELEASE, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO OR FROM THE UNITED STATES OR TO ANY US PERSON, OR TO ANY OTHER JURISDICTION IN WHICH THE DISTRIBUTION, PUBLICATION OR RELEASE WOULD BE UNLAWFUL. Brookfield has entered into exclusive negotiations with Impala, the Fonds Stratégique de Participations managed by ISALT, Cartusiai and Xavier Barbaro, and other shareholdersii to acquire approximately 53.32% of the outstanding shares of Neoen at a price of 39.85 euros per shareiii. The acquisition price represents a 26.9% premium over the last closing price and premia of 40.3% and 43.5% over the 3- and 6-months volume-weighted average price respec
Insurance Flows and Castlelake Add $75 Billion of AUM Since Quarter End $106 Billion of Dry Powder Available to Invest BROOKFIELD, NEWS, May 08, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) today announced financial results for the quarter ended March 31, 2024. Connor Teskey, President of Brookfield Asset Management stated, "We are off to a strong start in 2024 and are seeing accelerating momentum across our business as transaction activity picks up. We raised $20 billion of capital during the first quarter ($10 billion since our last earnings release), and with more than $100 billion of dry powder to invest, both the diversity of our business mix and ou
BROOKFIELD, NEWS, April 12, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) is set to publish its financial results for the first quarter 2024 on May 8, 2024, prior to 7:00 a.m. ET. These results will be made available on our website at www.bam.brookfield.com/news-events/press-releases. The Company will host an earnings conference call and webcast to review its results and operations beginning at 11:00 a.m. ET. Participants can join by conference call or webcast: Conference Call Please pre-register by conference call: https://register.vevent.com/register/BIc6f8169c26b54bd08c368c2ce6fe8cf9Upon registering, you will be emailed a dial-in number, and unique P
$93 Billion of Capital Inflows, Prior to AEL Transaction $107 Billion of Dry Powder Available to Deploy BROOKFIELD, NEWS, Feb. 07, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) today announced financial results for the quarter ended December 31, 2023. Connor Teskey, President of Brookfield Asset Management stated, "We had strong performance in our first year following our listing. We raised $93 billion of capital which, combined with the approximately $50 billion anticipated upon the closing of the American Equity Investment Life (AEL) insurance account, brings the total to $143 billion. With interest rates stabilizing and significant dry powder available
BROOKFIELD, NEWS, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Brookfield Asset Management Ltd. (NYSE:BAM, TSX:BAM) is set to publish its financial results for the fourth quarter 2023 on Wednesday, February 7, 2024, prior to 7:00 a.m. (EST). These results will be made available on our website at: https://bam.brookfield.com/news-events/press-releases. The Company will host an earnings conference call and webcast to review its results and operations beginning at 11:00 a.m. (EST). Participants can join by conference call or webcast: Conference Call Please pre-register by conference call: https://register.vevent.com/register/BI0d45166c832a42d08c1cddeb5eedc4a9Upon registering, you will be emailed a d
BROOKFIELD News, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Brookfield Asset Management (NYSE:BAM, TSX:BAM) and its listed affiliate Brookfield Business Partners (NYSE:BBU, TSX:BBU) today announced the completion of the sale of Westinghouse Electric Company ("Westinghouse" or "the Company"). Westinghouse is a global leading provider of mission-critical technologies, products, and services to the nuclear power industry. The sale follows a five-year repositioning of Westinghouse to refocus the business, strengthen its organizational structure and reinvest for future growth. "We are pleased to complete the sale of Westinghouse and crystallize significant value for our investors," said Cyrus Mado
CIBC analyst Nik Priebe maintains Brookfield Asset Mgmt (NYSE:BAM) with a Outperformer and raises the price target from $47 to $49.
Brookfield Asset Management Ltd. (NYSE:BAM) disclosed signing a share purchase agreement for a majority stake in France’s Neoen. This transaction, known as the “Block Acquisition,” was signed after Neoen completed its works council information and consultation process. As announced earlier, Brookfield’s offer implies an equity value of 100% of the shares of EUR 6.1 billion. In particular, Brookfield inked a share purchase agreement with Impala, the Fonds Stratégique de Participations managed by ISALT, Cartusia, Xavier Barbaro, and other shareholders to acquire approximately 53.12% of Neoen’s outstanding shares for EUR 39.85 per share. In addition, Brookfield entered into a tender
Event Summary: Annual Meeting of Shareholders for Brookfield Asset Management Ltd. (NYSE:BAM) held on June 7, 2024. Mark Carney chaired the meeting, and Kathy Sarpash acted as Secretary. Shareholders could vote on resolutions via the live webcast platform. Four items of business were considered: financial statements, election of directors, appointment of external auditor, and advisory resolution on executive compensation. All proposed resolutions were passed, and the nominated directors were elected. Hadley Peer Marshall presented an update on the company's performance and outlook. Drivers of Segment Performance: Strong financial results in the first full year as a separate publ
Brookfield Asset Management Inc (NYSE:BAM), together with its institutional partners, including Brookfield Renewable Partners L.P. (NYSE:BEP) and Temasek, through a special purpose vehicle, inked an exclusive negotiation to acquire a 53.32% shareholding in Neoen (OTC:NOSPF) for EUR 39.85 per share. Brookfield has entered into exclusive negotiations with Impala, the Fonds Stratégique de Participations managed by ISALT, Cartusiai and Xavier Barbaro, and other shareholders. Neoen is a global renewables developer with an 8,000 megawatt portfolio of wind, solar and storage assets in operation or under construction alongside a significant 20,000 megawatts advanced pipeline of development pro
JP Morgan analyst Kenneth Worthington reinstates Brookfield Asset Mgmt (NYSE:BAM) with a Neutral and raises the price target from $38 to $41.
Intel Corp (NASDAQ:INTC) is reportedly in advanced talks for a transaction in which Apollo Global Management, Inc. (NYSE:APO) would supply more than $11 billion to help the chip giant build a plant in Ireland. The two companies are in exclusive negotiations for a deal that could materialize in the upcoming weeks, barring any unexpected obstacles, according to a report from the Wall Street Journal. Previously, several other investment firms, such as KKR & Co Inc (NYSE:KKR) and Stonepeak, were also contenders until Apollo gained the lead, the report mentioned. Chief Executive Pat Gelsinger is overseeing Intel’s expansion, constructing or enhancing facilities in Arizona, Ohio, and Irel
Scotiabank analyst Mario Saric maintains Brookfield Asset Mgmt (NYSE:BAM) with a Sector Outperform and lowers the price target from $47 to $44.5.
Jefferies initiated coverage of Brookfield Asset Mgmt with a rating of Hold and set a new price target of $43.00
JP Morgan resumed coverage of Brookfield Asset Mgmt with a rating of Neutral and set a new price target of $41.00 from $38.00 previously
HSBC Securities downgraded Brookfield Asset Mgmt from Buy to Hold
Deutsche Bank upgraded Brookfield Asset Mgmt from Hold to Buy
HSBC Securities initiated coverage of Brookfield Asset Mgmt with a rating of Buy and set a new price target of $39.00
BofA Securities initiated coverage of Brookfield Asset Mgmt with a rating of Neutral and set a new price target of $40.00
Deutsche Bank resumed coverage of Brookfield Asset Mgmt with a rating of Hold
RBC Capital Mkts initiated coverage of Brookfield Asset Mgmt with a rating of Outperform and set a new price target of $35.00
CIBC initiated coverage of Brookfield Asset Mgmt with a rating of Sector Outperform and set a new price target of $37.00
Credit Suisse upgraded Brookfield Asset Mgmt from Neutral to Outperform and set a new price target of $71.50 from $68.00 previously