Brookfield Asset Management Portolio Value Rises to $1T
Brookfield Asset Management’s portfolio value has risen to $1 trillion as the investment giant continues to raise large amounts of capital.
Toronto-based BAM’s assets under management total reached the $1-trillion mark during the second quarter, the company reported Wednesday.
“This [milestone] reflects the dedication and talent of our over 2,400 investment and asset management professionals and nearly a quarter-million operating employees around the world, and is a testament to our commitment to serving our clients and delivering attractive, consistent risk-adjusted returns over the long term,” said Connor Teskey, BAM’s president.
BAM said its real estate business raised $1.1 billion altogether during the second quarter. As Connect previously reported, a significant portion of that money went into the fifth vintage of Brookfield’s real estate flagship fund.
Altogether, the company secured $68 billion in capital raises during the period.
- ◦Lease
- ◦Sale/Acquisition
- ◦Financing